https://www.taxtmi.com/article/detailed?id=8375 GST input tax credit on works contract services and related goods or services is blocked where construction related expenditure is capitalised as part of an immovable property; if such expenditure is not capitalised and is expensed to profit and loss, the credit is available. An advance ruling treated capitalised pre operative lease rentals as part of construction cost and disallowed credit, highlighting potential scrutiny when significant construction expenditures are capitalised. en-us Wed, 13 Feb 2019 05:55:17 +0530 Wed, 13 Feb 2019 05:55:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8375 GST input tax credit on works contract services and related goods or services is blocked where construction related expenditure is capitalised as part of an immovable property; if such expenditure is not capitalised and is expensed to profit and loss, the credit is available. An advance ruling treated capitalised pre operative lease rentals as part of construction cost and disallowed credit, highlighting potential scrutiny when significant construction expenditures are capitalised. Articles Goods and Services Tax - GST Wed, 13 Feb 2019 05:55:17 +0530 https://www.taxtmi.com/article/detailed?id=8375