my client has running commercial building rent and collect gst, remitted to govt. now whether itc can claim at painting, lift constrct, new generator etc.. it is allowable?
The lift construction related ITC cannot be availed as it restricted in sec 17(5) and the painting cost if capitalised to building cannot be availed however if it s chargee to p/l account the ITC can be availed. further if the generator is capitalised as machinary and to the building means the ITC can be availed.
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