Menu
Promoter, builder and developers
started construction of commercial mall where some shops can be sold and some let out by builder after construction, but from starting to end of construction various material, input services, etc received by builder in which gst charged by supplier to builder, my question is can builder take itc of material, services??
Replies (3)
Quick Summary
Yes can take a ITC
To the extent of sale of shops, claim and use ITC. To the extent of let out property case is pending in s c. hence claim ITC but don't utilise it. let it remain as it is. so if in future, if case is in favour of builder then u will be able to utilise at that time. lullakishor @ gmail.com
Promoter builder developer can claim input tax credit
Recent Topics :
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
Related Topics :
CAclubindia
