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BUILDER ITC

Others 261 views 4 replies
if builder sold flat as ready to move can he claim ITC which he paid at the time of flat construction ?
Replies (4)

No, if completion certificate from local authority already received.

First builder purchase goods and claim ITC . then he receive CA and sale flat as ready to move . now builder need to reverse that ITC which he claim ?
Yes ! ITC to be reversed

Since the flats have been sold after receiving the ITC, ITC cannot be claimed against this supply. 


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