can the input on construction materials be claimed if the building was for business purpose?
Menu
Input on building
Replies (9)
Business purpose means...?
for repair yes for capitalisation no
Anything no way for ITC except construction business...
Mr raja. it is allowed if repair please read the section properly
(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"?
What you mean this Mr. Manas Das?
What is the exact meaning of "PROPERLY"?
sorry sir. not mean to say in thst way.
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
manas ..u r right for repairs and maintenance u can claim itc if u expend for the business purpose
https://caclub.in/input-tax-credit-itc-mechanism-under-gst-an-overview/
Recent Threads
- ITR for Trust- 12A
- Proprietorship to Pvt Ltd - Is Slump Sale / BTA ma
- Pan and Aadhaar Link Issue
- Fund Transfer to Foreign Country and TCS provision
- ITR updated return
- Company change Status from CIRP into Active
- Can a LLP Park money in MFs and do F&O
- ACCOUNTING TREATMENT FOR FIXED ASSETS STANDING AT
- GST Rule 14A and Form GST REG-32: Simplified Regis
- Filed Hotel commission from International Company
Related Threads
CAclubindia
