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Input on building

ITC / Input 363 views 9 replies
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Articles Assisstant
499 Points Posted on 02 January 2018

can the input on construction materials be claimed if the building was for business purpose?

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On 02 January 2018 at 17:40 Report
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"Do the Right Thing...!!!"
128147 Points Posted on 02 January 2018
Business purpose means...?
463 Reply
On 02 January 2018 at 17:45
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1431 Points Posted on 02 January 2018
for repair yes for capitalisation no
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On 02 January 2018 at 18:49
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"Do the Right Thing...!!!"
128147 Points Posted on 02 January 2018
Anything no way for ITC except construction business...
463 Reply
On 02 January 2018 at 18:59
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1431 Points Posted on 02 January 2018
Mr raja. it is allowed if repair please read the section properly
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On 02 January 2018 at 19:02
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"Do the Right Thing...!!!"
128147 Points Posted on 02 January 2018
(Mr raja. it is allowed if repair please read the section properly)
What you mean this Mr. Manas Das?
What is the exact meaning of "PROPERLY"?
463 Reply
On 02 January 2018 at 19:05
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1431 Points Posted on 02 January 2018
sorry sir. not mean to say in thst way.
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On 02 January 2018 at 19:06
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1431 Points Posted on 02 January 2018
I just mean to say if we read the section 17(5) explanation part the wording used to the extent capitalisation. thus repair cost itc will be allowed
1 Reply
On 02 January 2018 at 19:07
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student
118 Points Posted on 02 January 2018
manas ..u r right for repairs and maintenance u can claim itc if u expend for the business purpose
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On 02 January 2018 at 19:17
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"Do the Right Thing...!!!"
128147 Points Posted on 02 January 2018
https://caclub.in/input-tax-credit-itc-mechanism-under-gst-an-overview/
463 Reply
On 02 January 2018 at 19:32


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