Is ITC available on construction of immovable property.

382 views
User Avatar

kanpur
1 Points Posted on 21 February 2018
if a hotel devloper availed a construction service for building of hotel is itc available on it.
0 Reply Share Follow
On 21 February 2018 at 16:29 Report
Replies (2)
User Avatar

Chartered Accountant
254 Points Posted on 21 February 2018

No.

ITC in respect of construction activity is blocked u/s 17 (5) even if it is used for business purpose.

 

Reply
On 21 February 2018 at 17:02
User Avatar

banglore
1496 Points Posted on 22 February 2018
Such input is allowed only wheb you are in further supply of works contract service
Reply
On 22 February 2018 at 22:00

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Foreign remittance
  2. Affordable Residential Flats in Gurgaon
  3. Manufacturing
  4. TAN REGISTRATION ON E-FILLING SITE
  5. Form 10-IEA – Continuing Old Regime
  6. Income tax act 2026
  7. Belated Return where Form 10IEA filed this year to
  8. GST Reconciliation Tool (2A vs Books) - looking fo
  9. TDS ON PF FORM 19 WITHDRAWAL
  10. Can a virtual office in Mumbai be used for company

More recent discussions | Post

Related Topics :

Loading