04 January 2018
1 12% GST applicable on flat sale inclusive of land and 18% applicable excluding land. 2 Yes you can avail ITC on steel cement and architect service.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
04 January 2018
But sir sec 17(5)(c) & 17(5)(D) restrict the ITC in case of immovable property I.e buildings... Pls clarify the same
04 January 2018
ITC on Immovable property is allowable only for those involved in the business on construction & sale of property, for other business persons ITC is restricted by 17(5).
CAclubindia
