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For Input Credit Regarding Queries

ITC / Input 210 views 2 replies
Sir Our Business is Manufacturing of Raincoat factory and our another factory is Under Construction Work in Process so many Bills comes for new Factory Construction work Example is Purchase of Cement, sent,Steel Sariya, Bricks , contractor Bills etc all are Bills made of Gst Bill including Gst Tax so we can take Gst Tax Input Credit ?????

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Replies (2)
Item mentioned by u are under ineligible credit of ITC, if anybody have different opinion please focus on that.
No you are not eligible for ITC for get paid on construction of new factory. it will form part of cost of construction; eligible for depreciation under IT Act


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