TaxTMI 
TaxTMI 
Input Tax Credit
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....nput Tax Credit<br> Query (Issue) Started By: - Ashwin Bhalakiya Dated:- 17-2-2025 Last Reply Date:- 20-2-2025 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>My company have a factory. In the....
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.... factory done painting work for which given works contract. Received bill with GST. Can we take Input Tax credit or put all as expenses. I have also changed Roofs of Factory which includes Roof cost ....
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....as well as fitting Charges. On This can my Company claim ITC Pl give your opinion. Reply By Sadanand Bulbule: The Reply: Dear Refer the following clause of Section 17[5] of the CGST Act, w....
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....hich blocks ITC in respect of: (d) goods or services or both received by a taxable person for construction of an immovable property (other than plant or machinery) on his own account including when s....
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....uch goods or services or both are used in the course or furtherance of business. Explanation.--For the purposes of clauses (c) and (d), the expression "construction" includes re-construction, renovat....
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....ion, additions or alterations or repairs, to the extent of capitalisation, to the said immovable property; Reply By Ganeshan Kalyani: The Reply: Sir, if the expenses are not capitalised in the books....
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.... of accounts, then the ITC is eligible. Reply By Shilpi Jain: The Reply: This being repair/renovation expense, eligible if not capitalised.<br> Discussion Forum - Knowledge Sharing ....