INPUT TAX CREDIT ON CONSTRUCTION MATERIALS


This query is : Resolved 

Quick Summary
This discussion addresses whether Input Tax Credit (ITC) can be claimed on construction materials used for a commercial building that will subsequently be let out. The current consensus is that ITC cannot be claimed, although the matter is reportedly under judicial review.

21 April 2023 WHETHER THE INPUT TAX CREDIT ON CONSTRUCTION OF A COMMERCIAL BUILDING CAN BE CLAIMED AS ITC FOR LETTING OUT THE SAME PROPERTY AFTER CONSTRUCTION?

21 April 2023 No, ITC can't be claimed.
The issue is before the court.

21 April 2023 THANK YOU VERY MUCH ..


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