REGARDING INPUT TAX CREDIT ON WALL PAINT, Goods and Services Tax - GST

[NILESH PITALE]

RESPECTED EXPERT

MY CLINT HAS DONE PAINTING WORK AT HIS OFFICE. IN THIS RESPECT I WOULD LIKE TO RAISED DOUBT -

1) CAN WE TAKE ITC ON PAINTING WORK ( WALL PAINT)

REGARDS

Posts / Replies

[SHARAD ANADA]

If it is in the Nature of maintenance the yes

[KASTURI SETHI]

ITC is allowed provided that such expenses are not to be capitalized. You may call it renovation.See Explanation below Section 17 (5) (d) of CGST Act.

Explanation. - For the purposes of clauses (c) and (d), the expression “construction” includes re-construction, renovation, additions or alterations or repairs, to the extent of capitalization, to the said immovable property;

[Ganeshan Kalyani]

I agree with Sri Kasturi Sir. If the painting cost is considered as a revenue expenditure and it is not capitalised with the main asset i.e. building then input tax credit is allowed.

[YAGAY andSUN]

We are amenable with the views of our experts that if such work of revenue exenditure, then only ITC will be available, otherwise not.