12 January 2025
Mr. A has purchased bolero-hilux HLXX0 for his site work like transferring oil barrel from one site to other site, transfer labor from one site to other site. Weather ITC available for above in GST for Mr.A ?
12 January 2025
It depends upon output services. Under Section 17(5) of the CGST Act, ITC is generally not available for goods and services used in the construction of immovable property, except for plant and machinery. This applies even when the construction is for business purposes.