Gst itc
This query is : Resolved
Mohd Nasruddin
(Querist)
02 July 2019
Hi experts,
It is a request regarding itc on building material for the new building and repairing. we have taken building material from gst registered dealer on the tax invoice and we have given to him my gst number. but we are exporter. can we take benefit of gst itc on building material.
It is a request regarding itc on building material for the new building and repairing. we have taken building material from gst registered dealer on the tax invoice and we have given to him my gst number. but we are exporter. can we take benefit of gst itc on building material.
Nandini H Gupta
(Expert)
03 July 2019
If the building material purchased is not capitalized in books of accounts then section 17(5) does not block one from availing credit and credit shall be eligible
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