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ITC On Wood used for Household Purpose
Whether an Gst taxpayer can claim input tax credit on Wood purchase for the Household Purpose
Replies (6)
No...
Self Consumption and except business using GST Tax not available as ITC...
Self Consumption and except business using GST Tax not available as ITC...
whether it is used for business Purpose can ITC?
GST charged on inward supplies which are used for personal consumption is not allowed as ITC.
Further, any of the inward supply of goods used for the construction of immovable property shall also not be allowed.
Since these wood purchases, you are using for construction of house you are not allowed.
Please get back in case I am wrong in any part of the interpretation.
(whether it is used for business Purpose can ITC?)
If dealing as business then - Yes...
If you use it Furniture (after convert) then - Yes.
But, You ll be use it as construction purpose then ITC not available...
If dealing as business then - Yes...
If you use it Furniture (after convert) then - Yes.
But, You ll be use it as construction purpose then ITC not available...
Thq sir💐💐💐
You are welcome Dear...
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