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
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR returnFY25-26
- ITR 2 Short Term gain & Long term gain
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
