ITC on repairs and maintenance

This discussion clarifies the eligibility for claiming Input Tax Credit (ITC) on repairs and maintenance for business premises like buildings, parking areas, and warehouses. Generally, if repair costs are capitalised in the company's accounts, ITC cannot be claimed as it's blocked under Section 17(5) of the CGST Act 2017. However, if these costs are treated as revenue expenditure and booked in the Profit & Loss account, then ITC is eligible.