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ITC on construction of shades

ITC / Input 841 views 4 replies
Shade constructed for use of plant and machinery can ITC available on inputs for such construction?.. Please quote the section of the act.
Replies (4)

AS per section 17(5) (d)  for  Construction of of an (shed)  immovable property for  plant & machinery ITC is avaliable . please confirm with others also . 

No you cannot claim ITC as per section 17(5) ,. but if such expenditure not capitalised to building account & books as Repair expenditure then you can avail ITC for the same
Good answer 👍 ................

 section 17(5) ( d)  talks about  -:   Goods  or service or both received by a taxable person for  construction of an immovable property (  other than Plant  & Machinery ) on his own account  including when such goods or services or both are used in the course of furtherance of busniess . ITC  not avaliable 

So in  query he has mentioned that  shed for  Plant  & Machinery , so goods or services other than palnt & Machinery ITC not avaliable . It means  contruction for plant & machinery ITC is avaliable .

Dear Mr  rawat -Can you reply on this please?. 

 


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