Eligibility to take GST Input credit


This query is : Resolved 

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A sports arena business is enquiring about their eligibility to claim GST input tax credit on artificial grass purchased for setting up a football field. The artificial grass is considered an essential item for the facility. The advice provided is that it should be capitalised under fixed assets cost rather than claiming input credit.

13 August 2024 Dear Sir / Madam,
We are in to the business of Sports Arena. Wanted to know if we are eligible to take GST Input credit against the GST paid for purchase of Artificial Grass procured for setting up the football field.

The artificial grass is an essential item to set-up the facility.

Thanks

13 August 2024 No, capitalize it under fixed assets cost.

09 September 2024 Good Luck.


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