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