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Regarding input credit on purchase of transformer

This query is : Resolved 

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.


No ITC can be claimed on construction of buildings let out. Transformer will form part of construction cost being power supply equipment for building.

but we are also a construction company

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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