For construction

This query is : Resolved 
Quick Summary
This discussion clarifies whether a client involved solely in commercial construction can claim Goods and Services Tax (GST) Input Tax Credit (ITC) on materials such as cement, TMT bars, and sand. The consensus is that ITC can be claimed, provided the business's output GST is charged at 12% for under-construction properties, and the claim is made before the property's completion.

Profile Image

Profile Image

(Querist)
18 November 2022 My Client is engage with only commercial construction business. Can he credit releted purchase like cement, tmt bar, sand, etc....
Please help.
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
18 November 2022 Do you mean to claim ITC under GST?
Yes. provided his output GST is @ 12% for under construction property.
Profile Image

jignesh sitapara

Profile Image

jignesh sitapara (Querist)
18 November 2022 before completion or after completion ??
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
18 November 2022 Under construction means before completion.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member CA Saurabh JadhavCA Saurabh JadhavPro Member CA jignesh daiyaCA jignesh daiyaPro Member FrankFrankPro Member Srikanthan SSrikanthan SPro Member Vivekanand SagarVivekanand Sagar
Subscribe to Pro
Join an elite circle of professionals



Answer Query



Quick Links



Browse by Category