Kartheek Velamala (152 Points)
19 February 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177801 Points)
Replied 19 February 2018
Correct. Nature of business differs.
Joswin Punchakunnel
(Chartered Accountant)
(314 Points)
Replied 19 February 2018
As per section 17 of CGST Act ,input tax credit of construction of immovable property cannot be utilised unless you are also involved in the business of construction of immovable property.
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 19 February 2018
IF YOU ARE NOT RESLAE PROPERTY ,
YOU CAN NOT TAKE ITC
CAclubindia
