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GST ITC

ITC / Input 195 views 5 replies
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17 Points Posted on 06 February 2018
What type of ITC is not allowed if a building is leased?
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On 06 February 2018 at 14:56 Report
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Student CA Final
11857 Points Posted on 06 February 2018
From whose point of view... And nature of expenses??
49 Reply
On 06 February 2018 at 16:55
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17 Points Posted on 06 February 2018
I am the lessor providing a building on lease to various entities.
I am asking what type of expenses are allowed and what not
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On 06 February 2018 at 17:46
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Chartered Accountant
254 Points Posted on 06 February 2018

Refer Section 17(5) for list of ineligible credits.(some of them are vehicle purchase, food & beverages, outdoor catering, construction, rent a cab, life & health insurance, club membership etc.) 

Other than those mentioned in section 17(5) everything is eligible credit under GST. 

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On 06 February 2018 at 17:55
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Student CA Final
11857 Points Posted on 06 February 2018
All expenses for business purposes other than block credit refer in section 17(5) are eligible for itc.... Works contract services is not eligible for itc
49 Reply
On 06 February 2018 at 18:03
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1431 Points Posted on 06 February 2018
building repair cost you can claim itc
1 Reply
On 06 February 2018 at 22:20


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