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.
NO ITC.........You can capitallize it.
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;
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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