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rcm on building materials
We r a going concern and are building one industrial shed for own use. Whether we have to pay rcm on purchase from URD
Replies (1)
Yes, according to Sec 9(4) of CGST Act, you have to pay GST under RCM if you are purchasing material or receiving services from URD.
And as per Sec 17(5)(d), on goods or services or both received by a taxable person for construction of an immovable property on his own account, you are not eligible for the ITC on the same.
And as per Sec 17(5)(d), on goods or services or both received by a taxable person for construction of an immovable property on his own account, you are not eligible for the ITC on the same.
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