TMI BlogREGARDING INPUT TAX CREDIT ON WALL PAINTX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 - Reply By SHARAD ANADA - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The Reply = If it is in the Nature of maintenance the yes - Reply By KASTURI SETHI - The Reply = ITC is allowed provided that such expenses are not to be capitalized. You may call it renovation.Se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... alterations or repairs , to the extent of capitalization, to the said immovable property; - Reply By Ganeshan Kalyani - The Reply = I agree with Sri Kasturi Sir. If the painting cost is considered ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as a revenue expenditure and it is not capitalised with the main asset i.e. building then input tax credit is allowed. - Reply By YAGAY andSUN - The Reply = We are amenable with the views of our ex ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... perts that if such work of revenue exenditure, then only ITC will be available, otherwise not. - REGARDING INPUT TAX CREDIT ON WALL PAINT - Query Started By: - NILESH PITALE Dated:- 17-3-2020 Goods ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanageme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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