INELIGIBLE - ITC

Dear Experts,

Manufacturing of auto components availed construction work Input Tax Credit (ITC).

Shall utilize Construction work ITC..?

If it is ineligible ..What are further action to be done.

In this view, what are things to be prepared on audit

Thanks & Regards

Fareed

 

Dear Experts, Capital Goods Input Tax Credit shall i utilize fully in same month GSTreturn..? Thanks & Regards Fareed

Read more at: https://www.caclubindia.com/forum/itc-capital-goods-583202.aspdEAR
Replies (1)

If the construction is of capital nature then you need to reverse ITC both in portal and in your books

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details