Capitalisation vs revenue expenditure
This query is : Resolved
28 February 2019
Respected sir
We have taken office premises on rent for period of nine years
We have done renovation work for colour work of office electric work etc
Whether we can capitalise this two expenditure as a rent payer or we have to charge to revenue ?
Can we claim credit of GST if it capitalise to building account we have not made construction of buildings
Thanks In advance
We have taken office premises on rent for period of nine years
We have done renovation work for colour work of office electric work etc
Whether we can capitalise this two expenditure as a rent payer or we have to charge to revenue ?
Can we claim credit of GST if it capitalise to building account we have not made construction of buildings
Thanks In advance
28 February 2019
https://www.caclubindia.com/experts/capitalization-of-office-renovation-expenses-2644159.asp
01 March 2019
Can we take gst credit in this case for capitalised building we have not constructed building we have done renovation of the building electric work
furniture & tilling work
furniture & tilling work
01 March 2019
GST credit can be taken only on repairs and maintenance expenses charged to revenue.
01 March 2019
The renovation work can be considered as revenue expenditure and the GST input can be taken when it is considered as revenue expenditure.
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