https://www.taxtmi.com/forum/issue?id=118903 Whether a Section 8 trust running schools that also makes taxable rentals can claim input tax credit on GST paid for maintenance and related expenses: GST on expenses used for a taxable outward supply is eligible for credit where inputs further the taxable activity. However, inputs forming part of construction, reconstruction, renovation, additions, alterations or repairs are blocked to the extent they are capitalised as immovable property in the accounts; if not capitalised and used for the taxable renting activity, ITC is available. en-us Wed, 13 Dec 2023 15:16:19 +0530 Fri, 24 Jan 2025 10:40:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118903 Whether a Section 8 trust running schools that also makes taxable rentals can claim input tax credit on GST paid for maintenance and related expenses: GST on expenses used for a taxable outward supply is eligible for credit where inputs further the taxable activity. However, inputs forming part of construction, reconstruction, renovation, additions, alterations or repairs are blocked to the extent they are capitalised as immovable property in the accounts; if not capitalised and used for the taxable renting activity, ITC is available. Discussion-Forum GST Wed, 13 Dec 2023 15:16:19 +0530 https://www.taxtmi.com/forum/issue?id=118903