Sir / Madam,
I would like to know, Can we take input tax credit on construction expense of building which is to be used for rental services?.
Is it ineligible under 17 (5)?.
How can we let rental services without building ?.
Kindly clear my confusion if you can
Thanks & Regards
Shinoj Davis
Menu
ITC on construction expense of building
Replies (3)
We can not claim
Any construction expenses incurred which is 'Capital in nature', then ITC is not allowed as per section 17(5), if revenue in nature then allowed.
For further clarification contact CA SACHIN M JAIN
Mobile : 8097515447
WhatsApp : tinyurl.com/wCASMJ
Email : casachinmjain @ gmail.com
LinkedIn : tinyurl.com/LCASMJ
YouTube : tinyurl.com/YCASMJ
Twitter : tinyurl.com/TCASMJ
For further clarification contact CA SACHIN M JAIN
Mobile : 8097515447
WhatsApp : tinyurl.com/wCASMJ
Email : casachinmjain @ gmail.com
LinkedIn : tinyurl.com/LCASMJ
YouTube : tinyurl.com/YCASMJ
Twitter : tinyurl.com/TCASMJ
Thank you all
Recent Topic
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
Related Topics
CAclubindia
