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ITC on professional fees paid u/s 194J

ITC / Input 2512 views 6 replies
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264 Points Posted on 28 October 2019

We(Trust) Paid architecture fees for proposed commercial/Residential building construction to a private architect company with GST .We now pay GST On Renting of Immovable Property Services shall I take ITC on the above payment in November GST Payment.

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On 28 October 2019 at 12:00 Report
Replies (6)
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accounting & taxation freelancer
246 Points Posted on 28 October 2019
Can take itc as it is input service used infor output service/ goods sale
2 Reply
On 28 October 2019 at 14:01
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student
127 Points Posted on 28 October 2019

No. its under blocked ITC. Output is not works contract..

1 Reply
On 28 October 2019 at 14:58
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947 Points Posted on 28 October 2019
Since the activity is in relation to immovable property, it would be a construction activity. further, it is assumed that all cost related to building is capitalised instead of charging to revenue in PL. the itc would not be available
2 Reply
On 28 October 2019 at 15:10
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GST Practitioner
55067 Points Posted on 28 October 2019
Yes if it is not capitalised to building account & kindly make sure that your outward supply is Taxable.
301 Reply
On 28 October 2019 at 19:18
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"Do the Right Thing...!!!"
128147 Points Posted on 28 October 2019
Yes.... I agreed to Mr Pankaj Rawat's reply...

@ Mr Meena Vivek.,

If Your supplies are taxable then You can claim ITC if the said amount not capitalized in the Building account.
In case the Architecture fee booked in building account as asset then ITC not available...
463 Reply
On 28 October 2019 at 21:29
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Accountant
4533 Points Posted on 16 January 2021
Any remuneration or feeor commission by whatever named called, other than those on which tax is deductible under section 192, to a director of a company shall liable to be deducted @ 10%.
19 Reply
On 16 January 2021 at 21:02


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