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No ITC to be allowed on re-construction, renovation, additions, alterations or repairs which are capitalized in books
THE AUTHORITY FOR ADVANCE RULING UNDER GST, WEST BENGAL IN the case of BATHULA MAHESH BABU, decided on 24-1-2024
👉 Issue:-
✔️ What are the treatment of ITC for such portion of expenses pertaining to re-construction, renovation, additions, alterations or repairs which are capitalized?
👉 The AUTHORITY FOR ADVANCE RULING UNDER GST, WEST BENGAL Judgement:-
✔️ In view of provisions of clauses (c) and (d) to sub-section (5) of section 17 of GST Act, ITC for such portion of expenses pertaining to re-construction, renovation, additions, alterations or repairs which are capitalized stands ineligible, related ITC available only when such expenses not capitalised in books.
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