sir
in manufacturing unit we construct a shed of tin and steels
we purchase a metal from party
can we take a input on this material
yes u can . . .
u are constructing the shed so u can take input tax credit
but
if a customer purchased the same so he cant take itc as immovable property for the same persn
No , Input tax credit not avaiable as per section 17 sub section 5(d) of the CGST act 2017 goods received by taxable person for construction of an immovable property used in the course of furhterance of Busniess .
Fruther it is mentioned in the explanation - for the clause (d) the expression contruction includes Re- contrucation , renovation , additions or alterations or repairs to the said immvoable property .
please confirm with others also .
No ITC is available, since goods or services or both received by a taxable person for construction of an immovable property (other than plant or machinery) on his own account including when such goods or services or both are used in the course or furtherance of business.
Thus no ITC on goods can be taken.
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