we constructed our shop can we claim itc on material purchased.
thanks in advance
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.
ITC is barred u/s 17(5) (c) & (d)
You are right.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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