Regarding input credit on purchase of transformer


(Querist)
15 April 2019
we are engage in the business of Real Estate can we claim input credit on purchase of transformer for the use of supply of electricity to the commercial and residential property.


CA R SEETHARAMAN (Expert)


Click to Talk 15 April 2019
No ITC can be claimed on construction of buildings let out. Transformer will form part of construction cost being power supply equipment for building.

Raghavendra Singh Raghuvanshi (Querist)
16 April 2019
but we are also a construction company

CA R SEETHARAMAN (Expert)


Click to Talk 16 April 2019
ITC can be claimed if you sell the building. If you own and rent out the building ITC can't be claimed.


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