ITC on constructions service
nikhil (dhule) (181 Points)
27 May 2018
can we avail ITC on newly constructed shop
6 Replies
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 27 May 2018
No you cannot ... only on like furniture , AC
Krishna
(Manager - Genesis Tax Consultant)
(531 Points)
Replied 27 May 2018
Yes I agree to Pankaj sir, ITC cannot claim on construction of new shop
Vinod Babu
(24196 Points)
Replied 27 May 2018
No ITC is available for goods/services for construction of an immovable property on his own account.
Even if such goods/services are used in the course or furtherance of business, ITC will not be available.
Even if such goods/services are used in the course or furtherance of business, ITC will not be available.
nikhil
(dhule)
(181 Points)
Replied 27 May 2018
pls suggest me under which section or rule ITC is not allowed
g mahesh Mundra
(Business and tax consultant)
(3299 Points)
Replied 27 May 2018
under blocked credit
Vinod Babu
(24196 Points)
Replied 27 May 2018
Section 17(5) of the Central Goods and Services Act, 2017 restricts ITC.
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