A GST HOLDER DOING X BUSINESS, HE CONSTRUCT OWN BUILDING FOR THAT BUSINESS, CAN HE CLAIM THE PURCHASE MATERIALS GST OR NOT? EX. CEMENT, STEEL ETC.,
4 Replies
Manish G Nair
(Articled Assistant)
(124 Points)
Replied 08 April 2019
no. You cannot claim input as these are blocked credits.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 08 April 2019
No... The said ITC is blocked in GST.
Shivam RC
(Student)
(23683 Points)
Replied 08 April 2019
ITC on Works Contract is Blocked u/s 17(5) of the CGST Act 2017.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 08 April 2019
My Dear Shivam RC.,
Yes... You are correct as per Your reply...
But, It's not works contract... Am I right...?!
Yes... You are correct as per Your reply...
But, It's not works contract... Am I right...?!
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