Can I avail input credit if the there is additional construction of building in the same premise which is not being used by business but the sole purpose of additional construction is for renting only and rent lease is prepared before construction.
Eg:
Primary business of ABC is if manufacturing and export of textile.
ABC holds a land and building which is never used for it's business purpose , ABC receives offer from XYZ that if ABC constructs additional building in the same premise than XYZ will use it for his logistic use for a period of 2 yrs.
ABC and XYZ agrees and enters into a leasing contract.
Later, ABC appoints BCG for works contract for constructing additional building.
In above senario can ABC avail input credit on the construction Invoices of BCG.
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