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.

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.

18 November 2022 Do you mean to claim ITC under GST?
Yes. provided his output GST is @ 12% for under construction property.

18 November 2022 before completion or after completion ??

18 November 2022 Under construction means before completion.


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