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ITC ON REPAIRS ON CONSTRUCTION

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..... ITC ON REPAIRS ON CONSTRUCTION
Query (Issue) Started By: - RV PERUMAL Dated:- 13-7-2021 Last Reply Date:- 14-7-2021 Goods and Services Tax - GST
Got 5 Replies
GST
SIR, A FACTORY CARRIED OUT REPAIRS AND RENOVATION ON THEIR FACTORY BUILDING. WHETHER THEY ARE ELIGIBLE TO TAKE ITC ON CEMENT, STEELS AND OTHERS AS PER SEC.16 OR NOT ELIGIBLE AS PER SEC.17(5)(d). KINDLY POST AND GUIDE Reply .....

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..... By Shilpi Jain: The Reply: If such repair works are not capitalised, credit would be eligible if the business is a taxable business. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of Shilphi Jain. Reply By NEERAJ KUMAR, RANCHI: The Reply: It is available only in certain cases: If it is received for construction of plant or machinery on your own account . Further Plant and .....

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..... Machinery has been defined as : "plant and machinery" means apparatus, equipment, and machinery fixed to earth by foundation or structural support that are used for making outward supply of goods or services or both and includes such foundation and structural supports but excludes : (i) land, building or any other civil structures; Now you can easily decide whether it will be avail .....

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..... able to you or not. Reply By KASTURI SETHI: The Reply: Sh.R.V.Perumal Ji, The following decision of AAR Rajasthan will help you in arriving at correct decision:- 2019 (5) TMI 248 - AUTHORITY FOR ADVANCE RULING - RAJASTHAN - IN RE : RAMBAGH PALACE HOTELS PVT. LTD. Reply By RV PERUMAL: The Reply: MY SINCERE THANKS TO ALL . I ALWAYS THANKFUL TO SHRI. KASTURI SETHI SIR FOR A DETAILED REPLY IN EA .....

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..... CH AND EVERY TIME. ONCE AGAIN , THANKS TO ALL
Discussion Forum - Knowledge Sharing .....

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