Eligibility of input
This query is : Resolved
27 April 2018
Dear Sir,
We are a private limited company . We have purchased some plumbing pipes and paints for our factory .
Now would we get Input of above material purchase ?? We are actually in doubt whether it be treated as building material and ITC be disallowed .
pls clear
We are a private limited company . We have purchased some plumbing pipes and paints for our factory .
Now would we get Input of above material purchase ?? We are actually in doubt whether it be treated as building material and ITC be disallowed .
pls clear
27 April 2018
No mostly Works Contract relating to Civil Work of Factory premises is not elligible for ITC unless it is used for Factory plant & machinery
27 April 2018
if it is plant and machinery then only itc will be availble.
27 April 2018
No ITC is available for goods/services for construction of an immovable property on his own account. Even if such goods/services are used in the course or furtherance of business, ITC will not be available.
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