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input tax credit
can input credit can be adjusted for construction business
Replies (3)
Can you be more specific
please clarify you are in construction business or r u having itc claim on construction of business
A Registered Person in Construction can avail and utilise all the eligible GST ITC on receipt of supplies of goods and services in reelation to his business. However a Registration person who receives Inputs & input services for use in construction buiding for own use (Capital Asset) (Not P&M), he cannot avail ITC of GST.
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