GST CREDIT FOR INTERIOR WORK

In my opinion, if your going to capitalise the entire cost, then you can not avail itc.
If in P&L, you can claim.
For tables you should treat them as Furniture and can avail itc on it even if you are capitalising it(excluding gst)

Thanks Anoop @ AnoopBansal

if it is in P&L, under what expense category would you consider it?

 

If the Interior Work is being Capitalised, then ITC is specifically BLOCKED under Section 17(5) clause (c) of the CGST Act 2017 [ except Tables which you can consider it as a Fixed Asset under Balance Sheet ( Furniture & Fixtures ) and claim ITC on the GST portion ].

But if it is shown in the P&L as "REPAIRS and MAINTENANCE" Expenditure, then you can claim ITC.

Regards,
Shivam RC.