GST SECTION 17(5)
This query is : Resolved
13 December 2024
One of our client engaged civil construction activites of plant, he received notice for input tax availed for Cement, Iron and Paint items u/s 17(5) ineligible ITC. The major inputs for construction activities is Cement, Iron and Paint. Kindly give any notiification/circulars to reply.
13 December 2024
You have not specified whether you are a works contractor or not, if yes ITC is available. Otherwise it is blocked under section 17(5) to the extent it is capitalised in the books. However you may also refer to recent SC judgement in the case of safari retreats, according to which if your building constitutes plant you may be eligible for ITC.
13 December 2024
Works Contractor. Charged GST @ 18% on taxable value in the invoices to the customers.
16 December 2024
If you are a works contractor and undertook construction activities for their clients, then ITC is available.
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 our of sec 44AD
- Regarding appeal to GSTAT
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Form 121 & TDS deduction
- Multiple trade mark
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
