https://www.taxtmi.com/forum/issue?id=116571 ITC on flooring tiles depends on accounting treatment: when costs are capitalised as construction, renovation or improvements to immovable property, ITC is disallowed; when costs are treated as revenue expenditure (repairs, maintenance) and booked to profit and loss, ITC is admissible. The removability of the flooring is relevant-detachable, non-capitalised items may qualify for credit, whereas permanently affixed tiles or pavers capitalised as part of the immovable property do not. en-us Fri, 24 Jul 2020 15:20:08 +0530 Thu, 23 Jan 2025 15:54:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116571 ITC on flooring tiles depends on accounting treatment: when costs are capitalised as construction, renovation or improvements to immovable property, ITC is disallowed; when costs are treated as revenue expenditure (repairs, maintenance) and booked to profit and loss, ITC is admissible. The removability of the flooring is relevant-detachable, non-capitalised items may qualify for credit, whereas permanently affixed tiles or pavers capitalised as part of the immovable property do not. Discussion-Forum GST Fri, 24 Jul 2020 15:20:08 +0530 https://www.taxtmi.com/forum/issue?id=116571