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Rahmathullah p

101 Points Posted on 21 June 2021

Can ITC take the amount paid to set up the roof for the company’s need in the rental space?

Replies (2)

Quick Summary

This discussion clarifies whether Input Tax Credit (ITC) can be claimed for the cost of setting up a roof for a company's rental space. Generally, if the expenditure is of a capital nature, ITC will not be available. However, if it's not capital expenditure, ITC may be claimable. The key determinant is the nature of the expense.