Dear Experts,
We have two queries.
1. Whether we can avail ITC on Building maintenance bills for existing building repairing and painting bills. Whether we can avail ITC on new building construction bills. All buildings are factory and production use only.
2. In certain cases, we availed ITC in the month of supply (say March-2019) as we received the goods/service and bills in the month of March. But the suppliers uploaded the same in April and it is reflected in our GSTR-2A in April-2019. In this connection, what will be the impact. We received bills / goods or service in March-2019 pucca. Is there any problem arise for us.
Can a Company Claim ITC on Factory Maintenance and Construction Bills Under GST? Experts Clarify Rules and Timing. A company inquires about the applicability of Input Tax Credit (ITC) under the Goods and Services Tax (GST) regime. They ask if ITC can be claimed on building maintenance and new construction bills for factory use. Additionally, they question the impact of availing ITC in March 2019 when suppliers uploaded invoices in April 2019. An expert confirms no issue with the timing of ITC claims, as invoices are the primary document. Another expert advises ITC can be claimed on maintenance bills if not capitalized, and agrees with the response to the second query. (AI Summary)
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