Input Credit on Repair & Maintenance of Building.

[Chanchal Dhiman]

Dear Sir,

Can we avail input credit of vat on repair & maintenance- Building.?

Kindly suggest me..

[YAGAY and SUN]

On repair & Maintenance of Building ITC will not be available under UKVAT Act read with Rules made there under.

[Nash Industries I Pvt Ltd]

Generally,the VAT paid on repair and maintenance of building is under negative list.

AI Summary

Input tax credit on repair and maintenance denied; VAT on building repairs falls under negative list treatment. Input credit of VAT on expenditure for repair and maintenance of a building is not available under the applicable VAT statute and rules; such expenditure is treated within the negative list for VAT purposes, so VAT paid on building repair and maintenance cannot be claimed as input tax credit.