Menu
input tax credit
Is ITC is available on material used by auto dealer on construction of godown specifically mean to store the new vehicles(stock) to be sold?
Replies (4)
Sec 17(5) of CGST Act 2017 ITC not available on construction of immovable property other than plant and machinery
So in your case ITC not available on construction of godown
So in your case ITC not available on construction of godown
No Sir......
You can't avail INPUT TAX CREDIT ( ITC ) on Construction of an Immovable Property ( Works Contract ) as it is specifically Blocked u/s 17(5) of CGST Act 2017.
You can't avail INPUT TAX CREDIT ( ITC ) on Construction of an Immovable Property ( Works Contract ) as it is specifically Blocked u/s 17(5) of CGST Act 2017.
No You can not avail credit of inputs
Query Regarding Debit note by receiptient /buyer:-If we returned Material( Purchase return) due to damamge,Relpacement,Quality issue, to the supplier by raising Debit note .. and if Supplier give us Credit note in next month in such case Can we reduce /Reverse ITC credit in GSTR-3B in current month return or Post these debit note till the time when supplier gives credit note?
Recent Topics :
- SEBI Registered VS NSDL Registered RTA
- Income tax or capital gain tax for Resident Indivi
- PCIT-1 Thane Email address
- CA Fees deduction for non audit case allowed?
- 5th Letter PAN Mismatch with Surname issues still
- Criteria to hire an article
- Guidence requested for a Finance Professional with
- Expert Opinion Required – Form 140 Gross Amo
- WRONG TAX DEMAND - formal responses , rectificatio
- Foreign remittance
Related Topics :
CAclubindia
