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ITC on repairs and maintenance building.

ITC / Input 1354 views 17 replies
can we take Input tax credit on repairs and maintenance work of company building....?
Replies (17)
No ITC will not be available
pl.share the any notification
The Company building is Your own building or Rented premises...?
own building
If own building then ITC not available as per sec 17(5) of CGST act...
Yes. Itc cannot be taken.
yes it comes under blocked credit
ITC block as per section 17(5)

I think ITC is blocked for construction of building but not in routine repair and maintance. 

the expression “construction” includes re-construction, renovation, additions or alterations or repairs, to the extent of capitalisation, to the said immovable property.

Thus in my opinion, if you are capitalising the expenses for repair and maintenance then you will not get the ITC, but if you are charging it off as expense then you can avail the ITC.

 

Yes... I agreed to Mr. CA Shivam Arora...

 

 

NO, YOU CAN NOT TAKE CREDIT ON REPAIRS AND  MAINTENANCE. IT IS COMES UNDER BLOCK ITC.

 


Read more at: https://www.caclubindia.com/forum/itc-on-repairs-and-maintenance-building--466542.asp
ITC blocked includes repair and maintance

IF  ANY SUCH EXPENSES IS CAPITALISE TO BUILDING ACCOUNT , THEN NO ITC IS AVAILABLE, BUT IF IT IS BOOK UNDER REPAIR & MAINTENANCE ITC CAN BE AVAIL.

NOW IN MY OPINION IF IT IS MINOR REPAIR ,NO NEED TO CAPITALISE & ITC CAN BE CLAIM,.. BUT IF THE AMOUNT IS HUGE THEN SHOULD BE CAPITALISED & NO ITC IS AVAILABLE


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