Hi,,
Whether we take Input tax credit on new building construction bill ...
Input tax credit against building construction bill
Rajinder Verma (Officer Account) (34 Points)
30 June 2018
4 Replies
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 30 June 2018
input is blocked in immovable property
Ramesh Rana Thapa
(Student CA Final)
(27 Points)
Replied 30 June 2018
As per Sec 17(5), ITC is not available.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 30 June 2018
You cannot take input on construction of Immovable property , if you are not a construction company or Builder
Rohan Bagra
(406 Points)
Replied 30 June 2018
you cannot claim ITC of construction work unless you are a construction work person
Recent Topics
- Financing for Properties and Businesses
- TAX DEMAND STILL SHOWING ON INCOME TAX PORTAL, EVE
- FORM 10 IEA IN Revised return
- ITC Eligibility on GTA
- Top Highest Tax-Paying Celebrities: FY 2023-24
- Misplace society Bye law
- Submit ommited invoice of previous year
- Need your valueble insight
- GSTR-9 Invoices
- Agricultural Business Loss
Related Threads
CAclubindia
