Itc availability

Itc availability

21 Points Posted on 16 March 2018

Itc available on purchase of parts (ex. screw, gulli, alluminium plate) for building repair and maintainence ????

Replies (4)

student

266 Points Posted on 16 March 2018

YES............BUT SUBJECT TO CAPITALISATION....

PLS CONSIDER THE ANSWER FROM OTHER MEMBERS ALSO

Deputy Manager -Finance

222 Points Posted on 16 March 2018

building repair I don't think credit available check sec 17 of CGST act

Student

553 Points Posted on 18 March 2018

If those expenses charged to profit and loss statement eligible else not.
I agree with @ Abhilash

Accountant

100 Points Posted on 18 March 2018

Input tax credit isnot available on construction or purchase of building except factory building

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