can we take office renovation expense ITC like interior design and tiles and other hardware ??
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Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) can be claimed on office renovation expenses such as interior design, tiles, and hardware. According to relevant provisions, ITC is generally not allowed for goods and services used in the construction or renovation of immovable property, especially when these expenses are capitalised. This exclusion applies to alterations and additions, meaning you typically cannot claim ITC if the costs are added to the building's capital account.
The relevant provisions says that input tax credit on good and services used for the construction of immovable property are not allowed. Also construction includes renovation, alterations, additions, etc, which are capitalised in the books of accounts
ITC of the taxes paid is blocked in the case if goods or services or both received by a taxable person for construction of an immovable property on his own account. Renovation is included in construction of immovable property.