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itc shed repairs & maintenance


harshal Upadhyay   25 March 2018

harshal Upadhyay

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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 ?

avater

Pankaj Rawat (GST Practitioner)     25 March 2018

Pankaj Rawat
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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

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harshal Upadhyay   25 March 2018

harshal Upadhyay

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actually itc of dat material is 36000 and itc in Jan 29000 so can I adjust balance itc in Feb 3b

avater

Pankaj Rawat (GST Practitioner)     25 March 2018

Pankaj Rawat
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Yes u can adjust balance in feb

avater

harshal Upadhyay   27 March 2018

harshal Upadhyay

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Yeah I have clarified dis exp is of revenue nature


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