Itc on building construction for let out purposes
This query is : Resolved
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?
04 December 2018
No, ITC can't be claimed on such building construction expenses.
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