https://www.taxtmi.com/forum/issue?id=115477 Input tax credit for renovation expenses depends on accounting classification: if renovation costs are treated as revenue expenditure and charged to profit and loss they are generally eligible for credit; if capitalised to the immovable property they fall within the restriction on credit for immovable property and are not eligible. Accounting treatment must follow accepted principles and cannot be manipulated to change GST eligibility. en-us Mon, 30 Sep 2019 20:14:18 +0530 Thu, 23 Jan 2025 15:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115477 Input tax credit for renovation expenses depends on accounting classification: if renovation costs are treated as revenue expenditure and charged to profit and loss they are generally eligible for credit; if capitalised to the immovable property they fall within the restriction on credit for immovable property and are not eligible. Accounting treatment must follow accepted principles and cannot be manipulated to change GST eligibility. Discussion-Forum GST Mon, 30 Sep 2019 20:14:18 +0530 https://www.taxtmi.com/forum/issue?id=115477