Gst input tax credit

This query is : Resolved

Harish S (Querist)
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31 July 2017 Dear Expert(s),

We are providing warehousing service to our clients to store their tea's and collect service charges for the same.

Now we are proposed to construct a new building. In that case, can we avail GST Input Tax Credit to which bill is paid (with GST) to contractors?

Awaiting your kind reply..

Thanking you,

regards,
Harish.S

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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31 July 2017 GST Input Tax Credit can't be availed on building constructed and used.

Harish S

Harish S (Querist)
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31 July 2017 Sir,

Thanks for your immediate reply...

Please clarify,
1) Shall the Service industry avail ITC on which assets purchased for their business purpose? like Computer, Printer etc.,

2) Shall we avail ITC on which tax is paid for interior works done (labour/service bill) after constructed a new building?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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31 July 2017 1) ITC on computer and printer can be availed.
2) ITC on interior works can be availed.

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