Dear Experts,
Can I take ITC against building materials on behalf of Manufacturing plant?
The plant will be produced only taxable supply..
Pankaj Rawat
(GST Practitioner)
(55032 Points)
Replied 22 February 2019
Rakesh Bandal
(Self Employed and Agriculture)
(1349 Points)
Replied 22 February 2019
Plant and machinery ITC is allowed, charge depreciation @ 15% in IT also
only as per section 17(5) Works contract (Building construction) ITC is not allowed, if not use for furtherance of business
Anshuman Basu
(account -GST)
(1549 Points)
Replied 22 February 2019
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