ITC AVAILABLE IN ROOFING MATERIALS

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10 Points Posted on 11 April 2021
DEAR SIR
ROOFING MATERIALS ME ITC AVAILABLE HOGI
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On 11 April 2021 at 23:45 Report
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Quick Summary
This discussion clarifies the availability of Input Tax Credit (ITC) on roofing materials under GST. Generally, ITC is restricted for immovable property, especially if the expense is capitalised. However, if the expense is not capitalised, ITC may be claimable. Key requirements include a valid taxable invoice and GST registration as a regular assessee.

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QUALIFIED CHARTERED ACCOUNTANT
613 Points Posted on 11 April 2021

As its related to immovable property and after using this material you will get benefits from property so its restricted under section 17(5)

 

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On 11 April 2021 at 23:47
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10 Points Posted on 11 April 2021
THANKS SIR
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On 11 April 2021 at 23:54
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GST Consultant
15986 Points Posted on 12 April 2021
If the expense is liable to be capitalised then itc not available. If not capitalised then itc available
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On 12 April 2021 at 07:02
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Profession
28269 Points Posted on 12 April 2021
Certainly
please follow these
1. Valid taxable invoice
2. gst registration regular assesse to take credit.
3. others.
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On 12 April 2021 at 07:59

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