GST ITC- on Car Work Shop
This query is : Resolved
25 August 2021
HI
My client is going to Start Car Wash Service. For which he spent 50L for Construction of Work shop. Whether he is eligible to take GST Credit on Construction of Work shop or not ?
My client is going to Start Car Wash Service. For which he spent 50L for Construction of Work shop. Whether he is eligible to take GST Credit on Construction of Work shop or not ?
25 August 2021
For building ITC not available.
Forr the purpose of claiming Input Tax Credit , foundation and structural support are included in the definition of Plant & Machinery and therefore the ITC can be very well claimed for the same.
Forr the purpose of claiming Input Tax Credit , foundation and structural support are included in the definition of Plant & Machinery and therefore the ITC can be very well claimed for the same.
Message likes :
1 times
26 August 2021
As per my opinion, ITC in works contract services is available only for plant & machinery fixed to earth by foundation or structural support, not for the construction of immovable property.
26 August 2021
ITC will not be available.
27 August 2021
ITC on capital goods is availed except the blocked credit of capital goods u/s 17(5) of cgst act 2017.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
