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ITC claim
we purchased cement for factory/office construction can I take itc
Replies (3)
As per section 17(5) (d) of the CGST act 2017 ITC not available . please confirm with others also
No it is not eligible for ITC. Refer Section 17 (6) of CGST Act,2017 followed by Explanaion
Read more at: https://www.caclubindia.com/forum/itc-of-cement-and-steel-424634.asp
Read more at: https://www.caclubindia.com/forum/itc-of-cement-and-steel-424634.asp
If it's being book as revenue expenditure (Repair & Maintenance ) can claim ITC , if it's capitalised to Building A/c then ITC cannot be claim
Kindly refer Section 17(5) & explanation under sub clause (d)
Kindly refer Section 17(5) & explanation under sub clause (d)
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