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Itc on paint

This query is : Resolved 
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(Querist)
12 March 2018 DEAR ALL
We have purchased paints and putty used in factory building.
Is ITC allowed on paints and putty used in factory building on own account

As per my vies,if it is capitalised ,then ITC not allowed ,,am i right???
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
12 March 2018 No ITC Not available on above Painting chgs
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RAJA P M

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RAJA P M (Expert)
13 March 2018 Yes... You are exactly correct... The Factory Building is Your Company's own Asset???
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pawan bansal

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pawan bansal (Querist)
13 March 2018 but what about "to the extent of capitalisation" as per section 17(5)???
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