gst credit on input
This query is : Resolved
06 October 2017
We built a building which will be rented out after completion we purchased material and take service of contacter in which we pay Gst can we take credit & use when we issue rent invoice
CA Rashmi Gandhi
(Expert)
06 October 2017
No you can get credit in respect of immovable property. Same is disallowed as per Sec 17.
Udaya Chandran
(Expert)
07 October 2017
I agree with Ms.Rashmi. You can't take input credit of building construction services. But the same is allowed for building contractor as he can take input credit of the expenses related to his business.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
