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GST CREDIT on Building material

ITC / Input 333 views 3 replies

Can a gst taxpayer claim ITC of GST on purchase of godown building materials? 

Replies (3)

ITC not available on Building matrial purchase for construction

BUT MATERIAL PURCHASED FOR REPAIRING  COMPANY'S GODOWN 

It depends how you treat repair expense. if you treat repair as capital expense (i.e.add to the asset value) then ITC will not be available. and if you treat repair as revenue exp then you can take ITC


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