https://www.taxtmi.com/forum/issue?id=114689 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. en-us Tue, 26 Feb 2019 17:13:54 +0530 Thu, 23 Jan 2025 15:55:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114689 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. Discussion-Forum GST Tue, 26 Feb 2019 17:13:54 +0530 https://www.taxtmi.com/forum/issue?id=114689