harshal Upadhyay 25 March 2018
material like cement, steel purchased amount of rs 200,000 for shed repairs & maintenance. Can we take itc on it ? We have taken itc on it in Dec 3b. If we cant take itc dan how can we reverse in Jan 3b ?
Pankaj Rawat (GST Practitioner) 25 March 2018
Yes , yes u can avail itc on same if u have not capitalised the same ... but plz check whether it is really a revenue nature expenditure. it is advisable if it is owned building then capitalised it, & no ITC is available.
Yes u can deduct it from Total ITC of Jan month , show the balance in 3b for jan