Can we take claim information GST on building materials received for official purpose ?
Please state your reasons also ?
Menu
GST Claim on Building Repair
Replies (4)
No it is covered under blocked credit sec17(5)
Not Allowed as it is Blocked u/s 17(5) of the CGST Act 2017 ( Works Contract )...
As per sec 17(5) and clause (d) ITC relating to goods or services recieved for construction of immovable prooerty is ineligible.
However, ITC is ineligible only on the capitalised portion.
Dear Fatime, This logic have doubt,
why only capitalization logic not work Machinery, we can to take ITC on Machinery and we can capitalize net of tax.
if ITC restricted on Building then there may have logic or different thoughts of low maker.
why only capitalization logic not work Machinery, we can to take ITC on Machinery and we can capitalize net of tax.
if ITC restricted on Building then there may have logic or different thoughts of low maker.
Recent Topic
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
- Tds on deceased's pan
- Exempt income declaration schedule EI in ITR2 (AY2
Related Topics
CAclubindia
