Itc on works contract
This query is : Resolved
19 March 2018
Dear Sir,
We are a private ltd company . We have expanded our facility . for which we hired a contractor . Who have supplied material(Sand, Cement etc) plus labour for construciton of our building .
Pls guide would we get ITC on his bill
We are a private ltd company . We have expanded our facility . for which we hired a contractor . Who have supplied material(Sand, Cement etc) plus labour for construciton of our building .
Pls guide would we get ITC on his bill
19 March 2018
If it is a revenue expenditure, you take ITC. If you capitalise the expenses, ITC is not available.
19 March 2018
It is not a revenue exp . It is actually a plant building development
19 March 2018
In that case, you can't take ITC.
21 March 2018
Can i get ITC of GST on loan processing fee
21 March 2018
Yes, you can take ITC.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Eway bill generation from place other than registeted
- Condonation . E-Verification of last year return .
- GST rate and HSN code for sale of racing horses
- Management System (IMS)
- DIN reactivation
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- TDS Return Q1 FY 2026-27
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
