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Itc claim doubt 1

14 May 2024

Sir, I have a hardware and doors shop and I am starting a factory for which I have bought material to build a factory like I have bought construction material. Can I claim ITC for it?

can I claim itc of expenditures

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3 Replies

CA Anoop Kumar Sharma (Accounts Manager) (1264 Points)
Replied 14 May 2024

GST ITC can not claim for construction, reconstruction, renovation, addition of immovable property even when such goods or services or both are used in the course or furtherance of business. However GST is cost of Factory.

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RAJA P M ("Do the Right Thing...!!!") (127619 Points)
Replied 14 May 2024

@ Mr Rupesh Thote,

Can I claim ITC for it?
can I claim itc of expenditures....??

No... ITC not available for this Construction purpose.

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CA Mayank A Jain (Chartered Accountant in Practice) (1158 Points)
Replied 15 May 2024

ITC of GST paid on goods and services used for construction of immovable property (factory in your case) is blocked under section 17(5) of the CGST Act.

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