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iron structure

Anshuman Basu (account -GST) (1556 Points)

11 February 2019

we have registered GST dealer having business in West Bengal. We have commission income. we purchase some iron structure (HSN code 7308) for office renovation. Should we take ITC

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2 Replies

pritesh (CA Final student) (7101 Points)
Replied 11 February 2019

Yes you can claim ITC

vaishali patel (10 Points)
Replied 11 February 2019

No you cannot as per
[c] works contract services when supplied for construction of an immovable property [other than plant and machinery] except where it is an input service for further supply of works contract service;

[d] goods or services or both received by a taxable person for construction of an immovable property [other than plant or machinery] on his own account including when such goods or services or both are used in the course or furtherance of business.

Explanation.--For the purposes of clauses [c] and [d], the expression "construction" includes re-construction, renovation, additions or alterations or repairs, to the extent of capitalisation, to the said immovable property;