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ABOUT LABOUR QUARTERS

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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
Replies (7)
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.
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 .

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.
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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