Client is in Construction works.
Whether Input Tax Credit is available on non -construction items like furniture, stationery (which are not used in construction).?
Saurabh Bansal (CA) (24 Points)
06 April 2013Client is in Construction works.
Whether Input Tax Credit is available on non -construction items like furniture, stationery (which are not used in construction).?
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 06 April 2013
No, it is not available. VAT paid on construction material only can be availed as ITC......mjk
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