we have aggrement with a hospital to provide a building on rent.
Now we are constructing a building for renting purpose .
so weather we are eligible for input credit of construction services?
because we will issue rent bill in future.
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ITC ON CONSTRUCTION SERVICES
Replies (6)
NO ITC.........You can capitallize it.
If we give contract to contractor & he issue Gst bill to us
then such Gst will available
Not available,
Specifically mentioned under section 17(5) of CGST Act, 2017
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;
we are constructing for rent purpose & then we will issue Gst invoice to HOSPITAL SO it is my l
plant & machine
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