ITC On Wood used for Household Purpose
J.P.V.S vinayak (12 Points)
01 December 2017
Whether an Gst taxpayer can claim input tax credit on Wood purchase for the Household Purpose
J.P.V.S vinayak (12 Points)
01 December 2017
RAJA P M
("Do the Right Thing...!!!")
(127977 Points)
Replied 01 December 2017
J.P.V.S vinayak
(12 Points)
Replied 01 December 2017
Rakesh Sarswath
(Article Student-GST Specialization)
(190 Points)
Replied 01 December 2017
GST charged on inward supplies which are used for personal consumption is not allowed as ITC.
Further, any of the inward supply of goods used for the construction of immovable property shall also not be allowed.
Since these wood purchases, you are using for construction of house you are not allowed.
Please get back in case I am wrong in any part of the interpretation.
RAJA P M
("Do the Right Thing...!!!")
(127977 Points)
Replied 01 December 2017
RAJA P M
("Do the Right Thing...!!!")
(127977 Points)
Replied 01 December 2017
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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