Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

ITC on construction of shades

Shakir Ravjani (Student) (192 Points)

21 July 2018

Shade constructed for use of plant and machinery can ITC available on inputs for such construction?.. Please quote the section of the act.

Reply
Follow
Share

4 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14801 Points)
Replied 21 July 2018

AS per section 17(5) (d) for Construction of of an (shed) immovable property for plant & machinery ITC is avaliable . please confirm with others also .

Upgrade to CAclubindia Pro. Subscribe Now!

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 21 July 2018

No you cannot claim ITC as per section 17(5) ,. but if such expenditure not capitalised to building account & books as Repair expenditure then you can avail ITC for the same

Vinod Babu (24191 Points)
Replied 22 July 2018

Good answer 👍 ................

prasad Nilugal ( GST Practitioner & Accounts ) (14801 Points)
Replied 22 July 2018

section 17(5) ( d) talks about -: Goods or service or both received by a taxable person for construction of an immovable property ( other than Plant & Machinery ) on his own account including when such goods or services or both are used in the course of furtherance of busniess . ITC not avaliable

So in query he has mentioned that shed for Plant & Machinery , so goods or services other than palnt & Machinery ITC not avaliable . It means contruction for plant & machinery ITC is avaliable .

Dear Mr rawat -Can you reply on this please?.