we constructed our shop can we claim itc on material purchased.
thanks in advance
Menu
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.
Recent Threads
- How to get online work as a accountant
- GST mandatory when exporting services?
- IMS action related
- CERTIFIED FRAUD EXAMINER EXAM
- Service availed ITC query
- How do I purchase Copper Clues games in Kolkata?
- Regarding Annual Return for 23-24
- Property registration without physical PAN card
- Paying Rent in Cash: This Could Trigger an Income
- Market Down, Portfolio Down: Need suggestions for
Related Threads
CAclubindia
