Can i claim GST input on sanitary item, tile & fitting work, Electrical item & fitting and paint work in rented business property?Can i claim GST input on sanitary item, tile & fitting work, Electrical item & fitting and paint work in rented business property?
Menu
Claim ITC or not on sanitary, electrical, tiles fitting and paint work at rental business property
Replies (3)
Quick Summary
No not
Yes, You can claim ITC if it's booked under expenditure account.
But, If it's booked under FA then ITC is blocked as per sec 17(5).
But, If it's booked under FA then ITC is blocked as per sec 17(5).
You can take credit of whatever is movable in nature. Movable means that such goods are capable of being moved without damage.
If unable to move and capitalised in books of accounts to immovable property, then credit cannot be taken.
However, the judgement of Safari Retreats is pending before the Supreme Court. If it comes in favour then such credit could become eligible. You can now avail and reverse the credit so that you can re-avail in the future in case Supreme Court rules in favour of the assessee.
Recent Topic
- Sale of Goods or Services?
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
Related Topics
CAclubindia
