GST – Started By: – SURYAKANT MITHBAVKAR – Dated:- 26-2-2019 Last Replied Date:- 3-3-2019 – We have done repair work like painting ,Wall repairs, putting tiles, etc. in our factory gala and amount debited to repairs & Maintainnace.Can we avail Input Credit for such transaction. – Reply By Ganeshan Kalyani – The Reply = in my considered view, input tax credit is eligible. – Reply By Alkesh Jani – The Reply = Sir, If the said repairs is with regards to factory (civil structure) it falls within the ambit of Section 17(5)(d) of CGST Act,2017 and explanation given may also be taken into consideration. However, as the factory (civil structure) has been booked as capital goods, the repairs of the same shall be added to it. Therefore, in my vi
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)/(d) of CGST Act,2017. 2. If not capitalised to such immovable property – ITC is eligible. – Reply By Ganeshan Kalyani – The Reply = Sri Alkesh Ji, the repair to the capitalised asset not necessarily capitalised . If the benefit out of the repair is not spread over the year then it is becomes a revenue expenditure. In such cases credit is eligible as specifically provided in section 17 (5) of the CGST Act. Thanks. – Reply By Ganeshan Kalyani – The Reply = As reagard capitalisation of an asset INDAS need to referred. – Reply By KASTURI SETHI – The Reply = How this decision is in favour of the assessee ? That is to be analysed. 2018 (17) G.S.T.L. 690 (A.A.R. – GST) = 2018 (9) TMI 1644 – AUTHORITY FOR ADVANCE RULING, MADHYA PRADESH IN RE : JA
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