Itc


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
28 November 2017 IS REAL ESTATE COMPANY IS ELIGIBLE TO AVAIL ITC OF GST PAID TO CONTRACTORS AND SUB-CONTRACTORS OR THE SAME FALL WITHIN THE CATEGORY OF WORK CONTRACT?

28 November 2017 Yes ITC can be claimed on works contract provided GST applicable on your out put service. ITC can be availed if you are a builder selling the building under construction.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
28 November 2017 Sir but what about restrictions under section 17(5), which specifically excludes ITC of Work Contracts.

28 November 2017 That is for owner of the building not for builders. For builders ITC is available.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
28 November 2017 But sir .......is above matter specifically mentioned under act ?

28 November 2017 Yes specifically mentioned.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
28 November 2017 Where sir.... Can you please guide me regarding same.

29 November 2017 See GST rate schedule 12%/18% with ITC.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 November 2017 Thanks a lot sir to clear my confusion.

29 November 2017 You are welcome.........


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 23 July 2026
Article

Gianender & Associates

New Delhi

CA Inter

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
Featured 02 August 2026
Accounts Executive

Aashok F&C Advisory

Guwahati

CA

View Details
Company
21 July 2026
Chartered Accountant

Keshri & Associates

Thiruvananthapuram

CA

View Details
Company
29 July 2026
ACCOUNTANT

ONESTEP GST SOLUTION

New Delhi

B.Com

View Details
Company
23 July 2026
Senior Accountant

Felicity Adobe LLP

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 28 July 2026
Article/Intern/Semi-Qualified/Fresher B.Com

VNSS & Co

Mumbai

Others

View Details
Follow