Construction of Godown/ Warehouse

As per Section 17(5) No... you cannot if it's capitalised to Building account .

Note : If it is book as revenue expenditure , then you can avail ITC

u cannot book this as revenue expenditure...u have to compulsarily capitalized to building account....

Yes can book as revenue expenditure when godown is on rent

u have to conpulsarily capitalise to building account.. it is an ineligible ITC as per sec 17(5)

How can you capitalised such expenses to building account when the building is not own by You, (It's rented)

No you cannot claim ITC as it is specifically BLOCKED u/s 17(5) of the CGST Act 2017

good clarification and information

Respected Subhagan Sreerangam Sir,

It has been noticed for a couple of weeks that you are constantly posting the comment "GOOD CLARIFICATION AND INFORMATION " , for increasing your points. Kindly answer the question asked by the querist without just writing "good clarification and information"..

Please abide the rules and regulations of this group. All the members, employees, executives of caclubindia are trying their level best to make this app as the Best Professional Application.

I have no intention to hurt you Sir..

Thank You.

Warm Regards.

As per Under Section 17(5) of the CGST Act 2017 Clearly mentioned it is Blocked ITC.So you can't avail such ITC.