Input tax credit against building construction bill

Rajinder Verma (Officer Account) (34 Points)

30 June 2018

Hi,,

Whether we take Input tax credit on new building construction bill ...

Reply
Follow
Share

4 Replies

CA Naveen Chand (Chartered Accountant) (12739 Points)
Replied 30 June 2018

input is blocked in immovable property

Upgrade to CAclubindia Pro. Subscribe Now!

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) (55057 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

Start a New Discussion