Client is in Construction works.
Whether Input Tax Credit is available on non -construction items like furniture, stationery (which are not used in construction).?
1 Replies
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 06 April 2013
No, it is not available. VAT paid on construction material only can be availed as ITC......mjk
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