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ITC on Painting Material
Can i take ITC on painting materials
Replies (7)
Brief your query. Mention the nature of your business.
New office painting expenses
The above said new office is Your own building (Capital asset / Immovable property) or Rented premises...?
Raja PM Sir, rented premises
If rented premises then YOU CANNNNNNNN
As per section 16 of the CGST, Act 2017 ITC on capital goods is allowed subject to the fulfillment of the conditions.
In addition, you cannot claim depreciation on the tax component of capital goods
In addition, you cannot claim depreciation on the tax component of capital goods
We are running a hospital in a rented building and we bought painting material can we claim the ITC for paints purchased.
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