27 April 2018
Dear Sir, We are a private limited company . We have purchased some plumbing pipes and paints for our factory . Now would we get Input of above material purchase ?? We are actually in doubt whether it be treated as building material and ITC be disallowed .
27 April 2018
No mostly Works Contract relating to Civil Work of Factory premises is not elligible for ITC unless it is used for Factory plant & machinery
27 April 2018
No ITC is available for goods/services for construction of an immovable property on his own account. Even if such goods/services are used in the course or furtherance of business, ITC will not be available.
CAclubindia
