Office renovation Exp. ITC
Bhaumik pandya (224 Points)
28 July 2020
can we take office renovation expense ITC like interior design and tiles and other hardware ??
3 Replies
prashant koshti
(gst)
(2 Points)
Replied 28 July 2020
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
Vijayprakash P
(1313 Points)
Replied 28 July 2020
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.
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 28 July 2020
No you cannot claim ITC if the expense are capitalise to Immovable property (Building) , (Refer Explanation under section 17(5))
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