Input Credit on Availment

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This discussion addresses whether input tax credit (ITC) can be claimed on GST invoices for factory renovation, specifically for flooring and walls. The consensus is that if these renovation costs are capitalised as part of the factory building (fixed assets), then ITC is generally not allowed. ITC on factory buildings themselves is typically not claimable under GST regulations.

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(Querist)
30 June 2022 Hi,

Need help on availment of input credit on Gst Invoice of Renovation of work done of factory flooring and walls in my company.

Can i claim Itc as i have considered the same under fixed Assets under Factory Building

Kindly revert with valuable answer

Thanks
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CA Altamush Zafar

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CA Altamush Zafar (Expert)
30 June 2022 If the work is being capitalised under building then ITC will not be available
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Gokul Sharma

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Gokul Sharma (Expert)
01 July 2022 ITC On factory Building is not allowed.
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