Itc under gst

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pawan bansal (Querist)
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14 March 2018 Dear All

Please advice on the below mentioned issue

We are manufacturer,repairing work are going on in our factory building like plastering,painting,wall repairing etc.Bills are separate towards material and labour charges.

we have debited all exp to P/L account.

Whether ITC allowed ???????

as per my view ITC should be allowed,

As per section 17(5)(d)-Goods or services received by a taxable person for construction of an immovable property on his own account including when used in course or furtherance of business,no ITC allowed. But Construction includes reconstruction, renovation, addition or alteration or repairs to the extent of capitalization.

Please advice...

THANKS

Udaya Chandran

Udaya Chandran (Expert)
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14 March 2018 Yes, you can take ITC on the construction expenses if considered revenue expenditure.

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