Question ID :
38203
GST paid on Paints for maintainance of Building (Shop/Factory
Whether amount spent on paints can be claimed as input Credit
Posted by
Mahesh Kumar
on
Jun 14, 2019
Filed Under
GST
Hi Mahesh,
As per section-17(5) (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 such goods or services or both are used in the course or furtherance of business.
Explanation under this clause further clarifies that the construction includes reconstruction, renovation, additions or alterations or repairs to extent of capitalization to the asset.
Considering painting as additions or alterations, if the value of the paints is not capitalised to the asset then the credit related to the paints can be taken as credit.
The above analysis holds good, even when the painting work is out-sourced.
Thank you
Posted by
Kesava on
Jun 14, 2019
Answer ID :
76847
yes, you can take credit as ITC the gst paid on the paint purchased for repair
Posted by
CA. VENKITARAMAN K V on
Jun 14, 2019
Answer ID :
76855
Yes ITC admissible
Posted by
SIVADAS CHETTOOR on
Jun 15, 2019