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Commercial building rent

srikumar (audit staff) (1203 Points)

17 July 2020

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?

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3 Replies

annu Goyal (1102 Points)
Replied 17 July 2020

Do you want to claim ITC On construction of Building, Please clarify

CA Rashmi B (Assistant Manager) (787 Points)
Replied 18 July 2020

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.