Eligible for ITC
Faheem Akram (802 Points)
18 December 2018
Can I take ITC if we construct a factory & plant a machinery?
Faheem Akram (802 Points)
18 December 2018
MOHAMMED IMRAN
(1020 Points)
Replied 18 December 2018
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 18 December 2018
ITC on construction of factory/ P&M. This needs to be broken up into the following:
1. Construction related to plant and Machinery ( Including the foundation, structures ) where steel and cement is used. Eligible
2. Construction of building - Not available.
3. P&M which may result in immovable property. Eligible.
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 18 December 2018
pritesh
(CA Final student)
(7101 Points)
Replied 18 December 2018
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