https://www.taxtmi.com/caselaws?id=303510 The Appellate Authority for Advance Ruling (AAAR) determined that Input Tax Credit (ITC) on GST paid for goods purchased for building repair and works contract services received for building repair is not eligible to the extent of capitalization under clauses (d) and (c) of Section 17(5) of the GST Act, 2017, respectively. The AAAR clarified that eligibility for ITC depends on whether the expenses are capitalized, emphasizing that accounting entries can impact ITC eligibility. en-us Tue, 14 Jan 2020 00:00:00 +0530 Wed, 27 Jul 2022 21:28:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303510 The Appellate Authority for Advance Ruling (AAAR) determined that Input Tax Credit (ITC) on GST paid for goods purchased for building repair and works contract services received for building repair is not eligible to the extent of capitalization under clauses (d) and (c) of Section 17(5) of the GST Act, 2017, respectively. The AAAR clarified that eligibility for ITC depends on whether the expenses are capitalized, emphasizing that accounting entries can impact ITC eligibility. Case-Laws GST Tue, 14 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303510