Menu
ITC OF CEMENT AND STEEL
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.
Replies (6)
No it is not eligible for ITC. Refer Section 17 (6) of CGST Act,2017 followed by Explanaion.
No...
It's not available for You.
It's not available for You.
eventhough it is new enterprise
You deal Construction business...?!
If yes you can get ITC...
If not no way for ITC claim...!
If yes you can get ITC...
If not no way for ITC claim...!
IS ITC IS ELIGIBLE FOR BUILDERS ON CONSTRUCTION OF HOUSE FROM 1APR 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
Recent Threads
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
Related Threads
CAclubindia
