Dear Sir/Ma'am,
I am providing professional services where i am charging GST. Now i have done interior work on residential cum office address then, can i claim ITC on interior bills??
if yes how to justify. if no then what is the other solution to save this GST tax which i have paid. Thanks..!!
Is your same address registered under GSTIN?
If yes, take separate bills for the office portion and claim ITC over it.
Depends on what the interior work becomes:
• Interior works that become part of the immovable property (false ceilings, flooring, fixed partitions, built-in cabinets, wiring embedded in walls) are "construction" for Sec 17(5)(c)/(d) (which includes renovation, repairs and additions to immovable property to the extent capitalised). ITC is blocked if capitalised.
• Movable furniture, fixtures and equipment (loose furniture, AC units, lights not embedded): ITC is allowed if used for business.
• If the interior work is expensed (repair or maintenance, not capitalised), the 17(5)(d) restriction doesn't apply ("to the extent capitalised"), so ITC is allowed.
• "Residential premises" used for your professional office: ITC is allowed only for the business-use portion. Personal-use ITC is blocked (17(5)(g)).
Krea University
Chennai
CA
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Varma Raja & Associates
Thrissur
CA Inter
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CCI
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CAclubindia
