Eligibility to take GST Input credit
This query is : Resolved
Quick Summary
Mohan Manjunath
(Querist)
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
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
Dhirajlal Rambhia
(Expert)
13 August 2024
No, capitalize it under fixed assets cost.
Message likes :
1 times
Dhirajlal Rambhia
(Expert)
09 September 2024
Good Luck.
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