ITC on purchase of capital Asset
can i take ITC of purchase of office premises which is under construction?
Replies (2)
No...........
Section 17(5) of the Central Goods and Services Act, 2017 provides that input tax credit in respect of the following shall not be available............
(d) goods or services or both received by a taxable person for construction of an immovable property (other than plant and machinery) on his own account including such goods or services or both are used in course of furtherance of business;
vyaa, a,
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