Itc on building construction for let out purposes
This query is : Resolved
sabharinath
(Querist)
04 December 2018
As per GST, ITC cannot be claimed on building construction expenses except plant & machinery. But in case of construction of a building for let out purposes, the main income generator is the building through which the individual acquires a rental income. So, can we claim ITC on this building construction expenses or is it the same as an office building?
CA R SEETHARAMAN
(Expert)
04 December 2018
No, ITC can't be claimed on such building construction expenses.
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