Input Tax Credit

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..... Input Tax Credit
Query (Issue) Started By: - Ashwin Bhalakiya Dated:- 17-2-2025 Last Reply Date:- 20-2-2025 Goods and Services Tax - GST
Got 3 Replies
GST
My company have a factory. In th .....

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..... e factory done painting work for which given works contract. Received bill with GST. Can we take Input Tax credit or put all as expenses. I have also changed Roofs of Factory which includes Roof cost .....

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..... as well as fitting Charges. On This can my Company claim ITC Pl give your opinion.   Reply By Sadanand Bulbule: The Reply: Dear Refer the following clause of Section 17[5] of the CGST Act, .....

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..... which blocks ITC in respect of: (d) goods or services or both received by a taxable person for construction of an immovable property (other than plant or machinery) on his own account including when .....

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..... such goods or services or both are used in the course or furtherance of business. Explanation.--For the purposes of clauses (c) and (d), the expression "construction" includes re-construction, renova .....

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..... tion, additions or alterations or repairs, to the extent of capitalisation, to the said immovable property; Reply By Ganeshan Kalyani: The Reply: Sir, if the expenses are not capitalised in the book .....

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..... s of accounts, then the ITC is eligible.  Reply By Shilpi Jain: The Reply: This being repair/renovation expense, eligible if not capitalised.
Discussion Forum - Knowledge Sharing .....

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