Availablity of ITC on construction of own building
This query is : Resolved
09 December 2019
Dear sirs,
Can I take ITC on building materials used (cement, steel, other hardware) on construction of own building. After completion of construction, I am going to either let out the rooms/building or open own shops/super market therein. Please advise me on this.
Thanks in advance
Can I take ITC on building materials used (cement, steel, other hardware) on construction of own building. After completion of construction, I am going to either let out the rooms/building or open own shops/super market therein. Please advise me on this.
Thanks in advance
09 December 2019
No... ITC is blocked under sec 17(5) of CGST act for Construction of Building...
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11 December 2019
No, you can not take ITC.
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