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

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