https://www.taxtmi.com/forum/issue?id=120821 Availability of Input Tax Credit depends on statutory conditions and the nature and use of supplies, not on capitalization alone. The construction/works-contract restriction disallows ITC only to the extent expenditure is capitalised; therefore capitalization matters only for that specific bar. Item-wise analysis is required: movable items like computers and detachable nameboards typically qualify, while civil works such as roofing or storage extensions may be excluded if they amount to immovable property and are capitalised. Blanket reversals based solely on non-capitalization are legally unsound. en-us Thu, 19 Mar 2026 09:38:54 +0530 Sat, 21 Mar 2026 01:24:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120821 Availability of Input Tax Credit depends on statutory conditions and the nature and use of supplies, not on capitalization alone. The construction/works-contract restriction disallows ITC only to the extent expenditure is capitalised; therefore capitalization matters only for that specific bar. Item-wise analysis is required: movable items like computers and detachable nameboards typically qualify, while civil works such as roofing or storage extensions may be excluded if they amount to immovable property and are capitalised. Blanket reversals based solely on non-capitalization are legally unsound. Discussion-Forum GST Thu, 19 Mar 2026 09:38:54 +0530 https://www.taxtmi.com/forum/issue?id=120821