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ITC on general business expenses
Whether we can claim ITC on general repairs and maintenance, fooding etc.
Replies (5)
On repair & maintenance you can claim ITC but fooding it's block U/s 17(5)
do you have repairs and maintenance of motor vehicle or
Construction repairs that are capitalised?
What are the prerequisites to claim ITC incurred on business expenses?
DEAR CHIRAG
1. MUST HAVE THE COPY OF BILL & GSTN MENTION THEREIN
2. MUST BE IN COURSE & FURTHERANCE OF BUSINESS
3. SUPPLIER HAS FILED HIS GSTR 1
(KINDLY REFER SECTION 16 OF CGST ACT)
THANK YOU
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