ITC ON REPAIRS OF FACTORY BUILDING (NOT ADMIN BUILDING) BILLS

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..... ITC ON REPAIRS OF FACTORY BUILDING (NOT ADMIN BUILDING) BILLS
Query (Issue) Started By: - SAFETAB LIFESCIENCE Dated:- 14-12-2017 Last Reply Date:- 15-12-2017 Goods and Services Tax - GST
Got 6 .....

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..... Replies
GST
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 .....

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..... us with GST. Shall we take ITC of this ?? Reply By Vamsi Krishna: The Reply: As per Sec.17(5) ITC of GST paid on works contract services will be allowed only if the output is also works contract ser .....

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..... vice. In your case ITC is not admissible ( you being manufacturing unit having factory).. Reply By SAFETAB LIFESCIENCE: The Reply: Respected Sir, We have not entered any Works Contract. He supplie .....

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..... d 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 Reply By CS SANJAY MALHOTRA: The .....

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..... Reply: ITC is admissible if the expense is debited in P& L . Reply By pradeep kumar: The Reply: no sir it should be capatilise .. so no need to show in p & l account Reply By CS SANJAY MALHOTRA: .....

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..... The Reply: No ITC if capitalised. Reply By Himansu Sekhar: The Reply: Credit on repair of factory building is admissible.
Discussion Forum - Knowledge Sharing .....

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