Business construction

business constraction kaise dikhay books of accounts main plz suggest
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Quick Summary
This discussion explains how to record expenses for building offices and godowns in your books of accounts. The total cost, including GST, should be capitalised as a fixed asset. Importantly, you cannot claim Input Tax Credit (ITC) on invoices from the builder due to blocked credit provisions under Section 17(5) of the GST Act.

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Building construction for office and godown how can show this expenses in my books of accounts and itc should be claim or not on gst invoice of builder.
The total value incl of GST to be shown as fixed assets in the name of building and Godwon in your books of accounts, as per sec 17(5) block credit you are not eligible to claim ITC on the invoice raised by the builder in you.. the whole value will be capitalized in books of accounts.. अभय गुप्ता अधिवक्ता
Means how can i post entry regarding this

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