Credit eligible or not
This query is : Resolved
Puneet Jain
(Querist)
25 July 2018
Dear all,
Please specify whether credit are eligible or not under construction of factory for water in take outside the premises.please confirm
Please specify whether credit are eligible or not under construction of factory for water in take outside the premises.please confirm
Udaya Chandran
(Expert)
28 July 2018
ITC is available if the expenses are not capitalised.
Puneet Jain
(Querist)
28 July 2018
But under Plant construction credit will allow.
Udaya Chandran
(Expert)
28 July 2018
You can take ITC on inputs of works contract only if the same is used for providing works contract service.
Puneet Jain
(Querist)
29 July 2018
but this service was provided outside the primeses so that i can take credit or not.
Udaya Chandran
(Expert)
30 July 2018
If the premises belongs to the registered factory, you can take ITC.
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