TaxTMI 
TaxTMI 
REGARDING INPUT TAX CREDIT ON WALL PAINT
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....EGARDING INPUT TAX CREDIT ON WALL PAINT<br> Query (Issue) Started By: - NILESH PITALE Dated:- 17-3-2020 Last Reply Date:- 26-5-2020 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>RESPECTED EX....
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....PERT 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: The Reply: If i....
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....t 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.See Explanation below Se....
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....ction 17 (5) (d) of CGST Act. Explanation. - For the purposes of clauses (c) and (d), the expression "construction" includes re-construction, renovation, additions or alterations or repairs, to the e....
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....xtent 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 as a revenue expenditure and it is not....
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.... 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 experts that if such work of revenue exenditu....
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....re, then only ITC will be available, otherwise not.<br> Discussion Forum - Knowledge Sharing ....