TaxTMI 
TaxTMI 
We have done repair work like painting ,Wall repairs, putting tiles, etc. in our factory gala and amount debited to repairs & Maintainnace.
Can we avail Input Credit for such transaction.
INPUT CREDIT ON REPAIRS
26 Feb 2019 
7 Replies 
14647 Views Asked by
Input tax credit on repairs depends on whether repair costs are capitalised; non capitalised repairs may attract credit.
Input tax credit on repairs to immovable property (other than plant and machinery) is disallowed to the extent such repair costs are capitalised to the asset; if those repair costs are treated as revenue expenditure and not capitalised, input tax credit remains available. The same principle applies to works contract services, and accounting standards on fixed assets guide the capitalisation determination. (AI Summary)
Input tax credit on repairs to immovable property (other than plant and machinery) is disallowed to the extent such repair costs are capitalised to the asset; if those repair costs are treated as revenue expenditure and not capitalised, input tax credit remains available. The same principle applies to works contract services, and accounting standards on fixed assets guide the capitalisation determination. (AI Summary)