https://www.taxtmi.com/forum/issue?id=117346 Whether input tax credit is available on materials used for repairs and renovation of a factory building depends on whether the repair costs are capitalised and whether the materials form part of construction of plant or machinery. Credit is available to a taxable business where repairs are not capitalised, whereas supplies related to construction or renovation of immovable property are excluded; the definition of plant and machinery excludes land and buildings. en-us Tue, 13 Jul 2021 10:31:36 +0530 Thu, 23 Jan 2025 15:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117346 Whether input tax credit is available on materials used for repairs and renovation of a factory building depends on whether the repair costs are capitalised and whether the materials form part of construction of plant or machinery. Credit is available to a taxable business where repairs are not capitalised, whereas supplies related to construction or renovation of immovable property are excluded; the definition of plant and machinery excludes land and buildings. Discussion-Forum GST Tue, 13 Jul 2021 10:31:36 +0530 https://www.taxtmi.com/forum/issue?id=117346