GST ITC of construction material used by builder
This query is : Resolved
05 February 2020
If builder purchase cement, tiles, TMT bars etc. for construction of residential houses/apartments or commercial complex. After construction, he will sell the house or complex.
Is ITC of GST paid on cement, tiles, TMT bars etc. available to the builder?
Is ITC of GST paid on cement, tiles, TMT bars etc. available to the builder?
05 February 2020
Yes ITC of GST paid on cement, tiles, TMT bars etc. available to the builder if GST is charged on sale of house or complex.
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