20 December 2019
SIR Recently we renovate our office (Woods Work, Marble Work, Paint Works etc). We contract to Person who is registered building contractor. He places us Final Tax Invoice Where he charge 18% GST on his bill and mention SAC Code 995478. Now Question is Should we claim ITC on his bill? Please Note we are registered company . we have a Taxable services.
20 December 2019
If the expenses incurred for furtherance of business , then GST credit will be allowed provided there will be no block by section 17 (5) of CGST act. The expenses referred by you will come under building maintenance . Hence GST credit is allowed .
20 December 2019
The expenses incurred for running the business like direct cost material, labour and indirect expenses salary & Wages, Power, administrative expenses which is necessary for sales of products both manufacturing and trading and providing services
20 December 2019
Sir one more things, Please tell me what is the difference between Building Maintenance Expenses and Reparing Expenses of office ? what is the ITC treatment of these type of expenses
20 December 2019
Maintenance expenses routine maintenance expenses like house keeping . The repair expenses is like leak arresting in roof and replacement of top roof shed .
CAclubindia
