Easy Office
LCI Learning

Itc on fixed aseet against rent income

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 March 2019 Dear All,

We are constructing a shed on our land and will give the shed on rent. Want to know whether gst charged on material and labour in the course of shed construction will be allowed against rent income of that same shed?
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
17 March 2019 No ITC not allowed on such construction materials for owner of the building.
Profile Image

Rohit R. Agrawal

Profile Image

Rohit R. Agrawal (Querist)
10 April 2019 Thanks a lot Sir. But to earn the rent the construction is necessary. Also, would labour ITC be allowed?



Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
10 April 2019 Not allowed as per ITC rules.

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links