ITC OF CEMENT AND STEEL

13 September 2017

I AM PROCURING CEMENT AND STEEL for NEW FACTORY CONSTRUCTION.I WOULD LIKE TO KNOW WETHER ITC OF CEMENT AND STEEL IS ELIGIBLE OR NOT.

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6 Replies

Dinesh Reddy (138 Points)
Replied 13 September 2017

No it is not eligible for ITC. Refer Section 17 (6) of CGST Act,2017 followed by Explanaion.

RAJA P M ("Do the Right Thing...!!!") (127040 Points)
Replied 13 September 2017

No...
It's not available for You.

rashesh modi (16 Points)
Replied 13 September 2017

eventhough it is new enterprise

RAJA P M ("Do the Right Thing...!!!") (127040 Points)
Replied 13 September 2017

You deal Construction business...?!
If yes you can get ITC...
If not no way for ITC claim...!

maheshwar reddy (ca ipcc papres) (22 Points)
Replied 20 May 2019

IS ITC IS ELIGIBLE FOR BUILDERS ON CONSTRUCTION OF HOUSE FROM 1APR 2019

CA Haritha Komma (Chartered Accountant) (1147 Points)
Replied 20 May 2019

It depends on the project and the option availed by builder

1. Ongoing project - Either 12% with ITC or 5%/1% without ITC

2. New project - 5%/1% without ITC - mandatory

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