ITC for renovation Civil Work

233 views
User Avatar

5 Points Posted on 01 February 2022

I am registered under GST law for receiving rental income on my commercial property, can I avail input for renovation of my commercial property, I am already charging GST for rental of the same premises, I have got GST invoice for civil work, painting work, carpentry work. Please inform thanks in advance 

0 Reply Share Follow
On 01 February 2022 at 18:21 Report
Replies (4)
Quick Summary
If you're registered for GST and receive rental income from a commercial property, you can generally claim Input Tax Credit (ITC) on renovation expenses like civil, painting, and carpentry work. However, ITC is not permissible if these renovation costs are capitalised as part of a capital expenditure. Ensure the work is for the furtherance of your business to be eligible.

User Avatar

Profession
28271 Points Posted on 02 February 2022
If that renovation work is for the furtherance of business it's ok
Reply
On 02 February 2022 at 06:56
User Avatar

GST Consultant
15986 Points Posted on 02 February 2022

Yes you can take ITC. No issue.

However ITC will not be allowed if such renovation is of the nature of capital expenditure

Reply
On 02 February 2022 at 08:43
User Avatar

Chief Accountant
3150 Points Posted on 04 February 2022
If it capitalised..than No ITC,
otherwise ITC available
Reply
On 04 February 2022 at 22:13
User Avatar

5 Points Posted on 07 February 2022

Thank you Mr. Mukherjee, CA A. Zafar & Nidhi Madam

Reply
On 07 February 2022 at 08:52

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. APPLICABILITY AND BREAKDOWN OF GST COMPLIANCE ON S
  2. Advance for supply of goods
  3. Question for members: how do you manage client doc
  4. Clarification Required on Invoicing and Receipt of
  5. SEBI Registered VS NSDL Registered RTA
  6. Income tax or capital gain tax for Resident Indivi
  7. PCIT-1 Thane Email address
  8. CA Fees deduction for non audit case allowed?
  9. 5th Letter PAN Mismatch with Surname issues still
  10. Criteria to hire an article

More recent discussions | Post

Related Topics :

Loading