ITC on building construction for hotel business
SAIKUMAR (Student CA Final ) (66 Points)
29 June 2018
Can I claim itc on construction of building for hotel business
2 Replies
CA Ankit R Momaya
(Partner at Bhat Momaya & Associates)
(2319 Points)
Replied 29 June 2018
No ITC is available on construction of building (other than those forming part of Plant and Machinery)
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 29 June 2018
No you cannot claim ITC on construction of building, ... u/s 17(5) ITC is block towards construction of Immovable property
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