we wants to take credit on purchase of material against building repair and maintenance
whether it is correct or not
whether u charged repair amount in profit and loss
if u charge in p/l then u claim Itc otherwise no
3 Replies
Vinod Babu
(24196 Points)
Replied 01 February 2019
If the repair expenses of building is capitalised in the books of account the ITC is not available if repair expenses are treated as revenue expenses then you can claim ITC.
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