ITC disallowed U/S.17(5) on Cement & MS rods

This query is : Resolved

Mahabir Prasad Agarwal (Querist)
Follow

16 March 2024 Received a SCN U/S.74 dt.14.12.2023 for FY 2017-18 disallowing ITC on purchase of cement and MS rods. Although cement and ms rods were sold by us and outpaid paid on the same. How to proceed into the matter ? Is the said SCN issued within limitation period ?

RAJA P M

RAJA P M (Expert)
Follow

16 March 2024 Reply as it's our business transaction...

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
Follow

16 August 2025 Add-on: Please note that GST paid on cement, TMT/MS rods, bricks, sand, installation services, and other construction materials is specifically blocked under Section 17(5)(d). Since these are used to construct or enhance immovable property, the ITC is not allowed—even if the property is used for business purposes.

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

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA.K.RAMAKRISHNA. PRABHU

venkanna setty

P.S.Harishankar

DSK TMC

Navneet Pratap Singh

Subscribe Now

ITC disallowed U/S.17(5) on Cement & MS rods

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Manager- Finance and Compliance

Accountant

Senior Executive

CA Final

GST CONSULTANT