GST ITC
This query is : Resolved
Quick Summary
Sunil Raj S.O
(Querist)
04 June 2020
We are having one Rental income in commercial complex. Now we are demolished building and reconstructing.
we can use ITC for construction material bill .
we can use ITC for construction material bill .
CA R SEETHARAMAN
(Expert)
04 June 2020
No ITC can be taken on construction of buildings, it will fall under blocked credit.
05 June 2020
No ITC available for construction under section 17(5).
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