INPUT TAX CREDIT ON OFFICE INTERIORS WORKS
Query (Issue) Started By: – Raghu K Dated:- 27-4-2018 Last Reply Date:- 2-5-2018 Goods and Services Tax – GST
Got 10 Replies
GST
Dear Experts,
\nWhether can we take ITC against Interior Work designing & Materials,
\nBecause, we shifted to our new office for our company. In which we incurred amount for Interior Consultancy, Materials, etc., & the same has been capitalized.
\nKindly Guide me. Thanking You,
\nRaghu
\nReply By Himansu Sekhar:
\nThe Reply:
\nPlease refer to id-113412
\nReply By Rajagopalan Ranganathan:
\nThe Reply:
\nSir,
\nSection 17 (c) & (d) of CGST Act, 2017 stipulates that-
\n (c) works contract services when supplied for construction of an immovable property (other than plant and m<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n owed. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ioned e.g. health care, insurance, outdoor catering etc. non mention of interior designing amounts to eligible for ITC. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" INPUT TAX CREDIT ON OFFICE INTERIORS WORKS Query (Issue) Started By: – Raghu K Dated:- 27-4-2018 Last Reply Date:- 2-5-2018 Goods and Services Tax – GSTGot 10 RepliesGSTDear Experts, Whether can we take ITC against Interior Work designing & Materials, Because, we shifted to our new office for our company. In which we incurred amount … Continue reading “INPUT TAX CREDIT ON OFFICE INTERIORS WORKS”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-11601","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/11601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11601"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/11601\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nReply By CS SANJAY MALHOTRA:
\nThe Reply:
\nI endorse views of Sh Ganeshan ji as construction related activities wherever capitalised is not eligible for credit.
\nReply By Alkesh Jani:
\nThe Reply:
\n, I request our experts to re-comment, after perusing the submission made under:-
\nFirst let me reproduce the definition of work contract as given in Section 2 of CGST, Act, 2017 “(119) “works contract” means a contract for building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration or commissioning of any immovable property wherein transfer of property in goods (whether as goods or in some other form) is involved in the execution of such contract<\/p>\n
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\nFurther, suppose Table, Chair, Computer etc. are used in the course of business or furtherance of business and as these are essential for staff to run the business and these are shown separately in the Balance sheet. So in GST ITC can be availed on such capital goods, subject to condition benefit of depreciation is not availed under Income Tax Act.
\nOur expert may please correct me as this is for my knowledge purpose.Thanks
\nReply By YAGAY AND SUN:
\nThe Reply:
\nCan anybody imagine working without table chairs and interiors etc in a office. We endorse the very view of Mr. Alkesh Jani read with Rule 17(5) in this regard.
\nRe<\/p>\n
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