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ITC on repairs and maintenance

Anju. C.M (41 Points)

24 September 2020

Can i take itc on repairs and maintenance of building.. parking area.. warehouse..and compound ??

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4 Replies

Shivam RC (Student) (23683 Points)
Replied 25 September 2020

If the Repair and Maintenance Cost is being Capitalized, then No ITC is available. It is Blocked under Section 17(5) of the CGST Act 2017.

However if it is booked as a Revenue Expenditure in the P&L A/c, then you can claim ITC.

Regards.

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Anju. C.M (41 Points)
Replied 25 September 2020

Oky thank you..!

Anshuman Basu (account -GST) (1556 Points)
Replied 25 September 2020

Sir pl tell me If a company repair his office then the company elegible to get ITC.
I think the company not get ITC.

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 28 September 2020

If Company repair it's office :
1. If that repair expenses capitalised in books of account, than Company can not claim ITC as it's blocked u/s 17(5) of CGST Act, 2017
2. If that repair expenses, expensesed out in Profit and loss Account as repair and maintenance Expenses, than Company can claim ITC on same...