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ITC ON REPAIRS OF FACTORY BUILDING (NOT ADMIN BUILDING) BILLS, Goods and Services Tax - GST |
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ITC ON REPAIRS OF FACTORY BUILDING (NOT ADMIN BUILDING) BILLS |
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Respected Sir, We have done some repair works in Factory Building like painting, renovation, debris removal. The work was carried out by GST registered supplier and given bills to us with GST. Shall we take ITC of this ?? Posts / Replies Showing Replies 1 to 6 of 6 Records Page: 1
As per Sec.17(5) ITC of GST paid on works contract services will be allowed only if the output is also works contract service. In your case ITC is not admissible ( you being manufacturing unit having factory)..
Respected Sir, We have not entered any Works Contract. He supplied materials and done work with his labour and raised Tax Invoice. He has done some repair work like maintenance of machinery and he has done maintenance of building
ITC is admissible if the expense is debited in P& L .
no sir it should be capatilise .. so no need to show in p & l account
No ITC if capitalised.
Credit on repair of factory building is admissible. Page: 1 Old Query - New Comments are closed. |
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