GSTAT says Capitalisation of GST Component Determines Eligibility of ITC on showroom furnishing

In Oxygen The Digital Shop, GSTAT allowed ITC on joinery, carpentry and painting services used for retail showrooms taken on rent. Although the furnishing expenditure was capitalised under furniture and fixtures, the GST component was separately accounted for as ITC and excluded from the asset cost. The Tribunal held that the credit was not barred by Section 17(5)(d).