Blocked credits u/s 17(5)
This query is : Resolved
23 June 2018
Hi every one
One of my client has given a contract to a construction company for construction of storage tanks for supplying storage services.And he also purchases certain materials like Cement,steel etc for such construction.Can he avail the input paid on such goods(cement etc) and services (works contract ) as he is supplying storage services by constructing an immovable property.
One of my client has given a contract to a construction company for construction of storage tanks for supplying storage services.And he also purchases certain materials like Cement,steel etc for such construction.Can he avail the input paid on such goods(cement etc) and services (works contract ) as he is supplying storage services by constructing an immovable property.
27 June 2018
Credit on Construction services availed and goods and services purchased for own account constructions of civil structures are blocked credit u/s17(5) of the CGST Act even when used for the purpose of business. Hence credit may not be eligible.
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