Repairs of building exp and itc not available

462 views 3 replies
I received a bill for construction or repair of building. What will be the journal entry in case itc not available?
Replies (3)
As per section 17(5) of the CGST act Input tax credit of repair expenses on construction are Ineligible or Block credit .

pass entry as follows .

Repair and maintenance A/c Dr
CGST A/c Dr
SGST A/c Dr
To Trade Creditors A/c Cr
( Repair and maintenance expenses for Construction of Building )

You have to pass entry as above , however because of credit not available show CGST and SGST in Table 4 ( D ) (1) of GSTR3B Ineligible ITC . ( credit not available)
Also mark in Books of accounts as Ineligible ITC , you have to show CGST and SGST in the entry because , same has been charged in Invoice .
Sir, if itc not available, Can we capitalize the exp incurred on building
Have you repaired old Building ?.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
22 July 2026
Senior Chartered Accountant

SKSS

Patna

CA

View Details
Company
ARTICLESHIP 14 July 2026
Article Assistants

R Shyam and Associates

New Delhi

CA Final

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
ARTICLESHIP 23 July 2026
Article

Gianender & Associates

New Delhi

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
23 July 2026
Semi qualified CA

Garg Bros & Associate CA

New Delhi

CA Inter

View Details