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Gst credit regarding


SDR ASSOCIATES   20 August 2020

SDR ASSOCIATES

 8 likes  242 points

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building maintenance and repair of building works gst credit deduction in ITC is possible or not
Sagar Patel

Sagar Patel (Tax and Business Consultant)     20 August 2020

Sagar Patel
Tax and Business Consultant 
 1000 likes  11166 points

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ITC is not available for building repair and maintenance works, as it's blocked u/s 17(5) if you capitalised this cost in books of account.

but If it's not capitalised in books and expensed out in Profit and Loss account as Repair maintenance exp. than you can claim ITC for same.
Himanshu Gupta

Himanshu Gupta   21 August 2020

Himanshu Gupta

 3 likes  51 points

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If repair & maintenance of building is in nature of capital expenditure then ITC is blocked 17(5)
if it is in the nature of revenue expenditure then ITC is allowed as it is not file in the definition of construction.
Ravi SADhiyan

Ravi SADhiyan (CA Final)     21 August 2020

Ravi SADhiyan
CA Final 
 270 likes  4494 points

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I also agree with @ Sagar Ji


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