18 March 2018
Sir,as per sec 17(d) of CGST ITC on goods or sevices for construction of immovable property ON HIS OWN ACCOUNT not allowed what does it mean ? Is it available to builders who seeling flats ?
18 March 2018
Yes, ITC available to Building. ITC not available to person on GST paid on input such as cement, steel etc. who construct on his own.Because it is not in the course of furterance of business.
CAclubindia
