Itc on works contract
This query is : Resolved
19 March 2018
Dear Sir,
We are a private ltd company . We have expanded our facility . for which we hired a contractor . Who have supplied material(Sand, Cement etc) plus labour for construciton of our building .
Pls guide would we get ITC on his bill
We are a private ltd company . We have expanded our facility . for which we hired a contractor . Who have supplied material(Sand, Cement etc) plus labour for construciton of our building .
Pls guide would we get ITC on his bill
19 March 2018
If it is a revenue expenditure, you take ITC. If you capitalise the expenses, ITC is not available.
19 March 2018
It is not a revenue exp . It is actually a plant building development
19 March 2018
In that case, you can't take ITC.
21 March 2018
Can i get ITC of GST on loan processing fee
21 March 2018
Yes, you can take ITC.
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
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- RCM INVOICING FROM NOV-2024
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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?
Trending Online Classes
CAclubindia
