Dear sir
we have construction work going on in my factory land, I bought construction material and electrical material also for employee residential purpose so shall we take to ITC on purchase of goods or not
kindly clarify and share to your opinions
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ABOUT LABOUR QUARTERS
Replies (7)
Quick Summary
No , You Can not claim Input tax credit , because it's blocked credit under section 17(5) of the CGST Act , please refer.
Take others opinion as well.
Take others opinion as well.
You can subject to some cond
@ Sabyasachi Mukherjee
please read section 17(5) of the CGST act properly
and carefully , please do not give irresponsible reply , one can not overrule ACT or justify your reply as per the CGST Act .
please read section 17(5) of the CGST act properly
and carefully , please do not give irresponsible reply , one can not overrule ACT or justify your reply as per the CGST Act .
I request Querist @ Mahendravarman to take more Opinion in this regard .
Yes I agreed with Mr Prasad Nilugal view.
@ Mr Mahendravarman.,
The said ITC is blocked u/s 17(5) of CGST act. So, it's not possible to take.
Only way to Capitalise the amount.
@ Mr Mahendravarman.,
The said ITC is blocked u/s 17(5) of CGST act. So, it's not possible to take.
Only way to Capitalise the amount.
Sec 17(5) is not applicable for labour quarters.
Dear Brother @ Sabyachai Mukerjee
If your reply is wrong then the Qureist Will be in Trouble , if he take ITC , and unnecessary will receive notice form the department , and he has to reverse ITC with Interest , so this Interest will be unnecessary Cost to his company .
So that is why I said do not be irresponsible to reply query . I am not saying I am correct however I replied as per the Act and requested him to take more Opinion in this regard .
Our reply is Very Important in terms of Query and Qureist .
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