Capitalisation vs revenue expenditure

This query is : Resolved

(Querist)
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28 February 2019 Respected sir
We have taken office premises on rent for period of nine years
We have done renovation work for colour work of office electric work etc
Whether we can capitalise this two expenditure as a rent payer or we have to charge to revenue ?
Can we claim credit of GST if it capitalise to building account we have not made construction of buildings
Thanks In advance

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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28 February 2019 https://www.caclubindia.com/experts/capitalization-of-office-renovation-expenses-2644159.asp

CA jignesh daiya

CA jignesh daiya

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01 March 2019 Can we take gst credit in this case for capitalised building we have not constructed building we have done renovation of the building electric work
furniture & tilling work

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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01 March 2019 GST credit can be taken only on repairs and maintenance expenses charged to revenue.

Udaya Chandran

Udaya Chandran (Expert)
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01 March 2019 The renovation work can be considered as revenue expenditure and the GST input can be taken when it is considered as revenue expenditure.

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