Menu
BUILDER ITC
if builder sold flat as ready to move can he claim ITC which he paid at the time of flat construction ?
Replies (4)
Quick Summary
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.
Recent Topics :
- NRI since March 2023 – resident savings acco
- My All-Time Top 15 Indian Web Series
- Wrong date of invoice
- Paper 6 - IBS
- Chhath Puja 2026 Dates Timing Tithi
- Tax Benefit on Second Property
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
Related Topics :
CAclubindia
