Input Taken if Exps incurred in new building

21 June 2018

If any exps incurred for building so we have not taken input those exps.

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5 Replies

Suvendu (Accounts) (429 Points)
Replied 21 June 2018

no input tax credit for building exp.

apoorv madhwar (59 Points)
Replied 21 June 2018

Agar manufacturer plant ki building ke liye koi exps karta hai toh ITC le sakta hai..

Suvendu (Accounts) (429 Points)
Replied 21 June 2018

for plant and machinary you will get ITC, but not for building .

CA S Praveen Kumar Reddy (Chartered Accountant) (2195 Points)
Replied 21 June 2018

It's blocked credit u can't claim...

Vinod Babu (24196 Points)
Replied 21 June 2018

No ITC for building.
ITC for plant and machinery is allowed.

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