Input tax credit on gst paid for cement purchases

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Mahendra Kumar (Querist)
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09 November 2017 Can an owner claim GST tax paid on Cement and Iran purchased for construction of Business Shop as Input GST Tax? The building will show in business Balance sheet as Fixed Assets.

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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09 November 2017 No GST can be claimed as input on construction of shop building as it is specifically barred under CGST Act whether on own account and whether in the course of or in furtherance of business.

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Gokul Sharma

Gokul Sharma (Expert)
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09 November 2017 GST PAID ON SUCH ITEM SHOULD BE INCLUDED IN THE COST OF SHOP BUILDING AND DEPRECIATION CAN BE CLAIMED

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Input tax credit on gst paid for cement purchases

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