We are registered in GST and we purchased a plot adjacent to factory and constructing a building.
Presently it is under construction do we need to add the same as our additional place of business right now
or we can add once we start operations
11 Replies
Kesavaraj S
(578 Points)
Replied 30 May 2022
If you have required supporting documents such as purchase deed and property tax receipt , you can apply for additional place of business whenever required irrelevant of its construction...
sabyasachi mukherjee
(27574 Points)
Replied 30 May 2022
After commencement of operations from yhat building.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 31 May 2022
@ Vipul Acharya ,
What is the nature of business?
Are you a builder or Contractor?
What is the nature of business?
Are you a builder or Contractor?
sabyasachi mukherjee
(27574 Points)
Replied 31 May 2022
Not required for nature of building it is applicable for every nature of business.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 31 May 2022
Nature of business is very much required.
If he is a builder he may claim ITC .
But if he is a normal person constructing a house then treatment is completely different.
If he is a builder he may claim ITC .
But if he is a normal person constructing a house then treatment is completely different.
sabyasachi mukherjee
(27574 Points)
Replied 31 May 2022
If he Is a builder he can claim subject to several conditions.
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 31 May 2022
You can add the factory building as an additional place of business now also because you have the property documents available with you for amendment.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 31 May 2022
Just a single reply on all above comments, please understand query and then reply.
You can add the building under construction as additional place now or even after completion.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 01 June 2022
@ Vipul Acharya ,
Place of business should be ready for use either for operations or for managerial purposes .
So as of now it's not required to add additional place of business
Place of business should be ready for use either for operations or for managerial purposes .
So as of now it's not required to add additional place of business
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