Menu
ITC in case of Repair
Can ITC be availed for Repair and maintainence of Building ?
Replies (5)
yes you can avail ITC for repairs and maintenance of building as in the course of business
for ur business purpose u can claim but ur own purpose can't under gst work s contract
What contract service input:
If the repair results in capitalization of such expense, then you cannot claim ITC.
If repair is charged to P&L, then ITC can be claimed.
The above provisions apply only when such repairs done for business.
If repairs are personal in nature, then ITC ineligible.
If the repair results in capitalization of such expense, then you cannot claim ITC.
If repair is charged to P&L, then ITC can be claimed.
The above provisions apply only when such repairs done for business.
If repairs are personal in nature, then ITC ineligible.
nope you cant claim ITC on bulding repair,alteration ,renovation ... not matter used in business or not ... you cant claim
refer section 17(5)(d) cgst
refer section 17(5)(d) cgst
Yes, I agree. Only P&L repairs can be claimed as input.
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
