we constructed our shop can we claim itc on material purchased.
thanks in advance
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Itc on material purchased
Replies (7)
No, the said ITC is not eligible to avail.
Yes. ITC on fixed asset purchase or its further development is allowed provided you won't charge depreciation on GST amount of purchase bill.
No, ITC on construction is blocked u/s 17(5)
Thanks all experts
No as per 17(5)
Welcome..... Dear.......
ITC is barred u/s 17(5) (c) & (d)
You are right.
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