AVAILEMENT OF GST CREDIT

[SURYAKANT MITHBAVKAR]

We are manufacturing of Pharma Machinery registered under GST Act. We have buy new Factory Gala. The maintaining the same we have did some renovation work in the same gala & capitalised the same in our books. The vendor who did work has issued GST Tax invoice charging GST whether we are eligible to avail GST credit for the same.

AI Summary

Input tax credit restriction for renovation capitalised to immovable property denies credit where costs are capitalised.
Input tax credit is not available where renovation, reconstruction, additions, alterations or repairs are capitalised in the books and thus treated as construction of an immovable property; such capitalised expenditure falls within the statutory exclusion and GST charged on those renovation works cannot be claimed as credit.