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Credit eligible or not

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(Querist)
25 July 2018 Dear all,

Please specify whether credit are eligible or not under construction of factory for water in take outside the premises.please confirm
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Udaya Chandran

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Udaya Chandran (Expert)
28 July 2018 ITC is available if the expenses are not capitalised.
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Puneet Jain

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Puneet Jain (Querist)
28 July 2018 But under Plant construction credit will allow.
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Udaya Chandran

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Udaya Chandran (Expert)
28 July 2018 You can take ITC on inputs of works contract only if the same is used for providing works contract service.
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Puneet Jain

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Puneet Jain (Querist)
29 July 2018 but this service was provided outside the primeses so that i can take credit or not.
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Udaya Chandran

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Udaya Chandran (Expert)
30 July 2018 If the premises belongs to the registered factory, you can take ITC.

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