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ITC on purchase of capital Asset

Roshan Pawar (66 Points)

19 January 2018

can i take ITC of purchase of office premises which is under construction?

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (185376 Points)
Replied 19 January 2018

No...........

Section 17(5) of the Central Goods and Services Act, 2017 provides that input tax credit in respect of the following shall not be available............

(d) goods or services or both received by a taxable person for construction of an immovable property (other than plant and machinery) on his own account including such goods or services or both are used in course of furtherance of business;