Respected members
I have purchase shop and 75000 gst on this shop can I claim this Itc or not ?
thank u advance
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Regarding Shop Itc
Replies (3)
Yes, you can claim
ITC will be available to you provided you have shown shop as Capital Asset and availed depreciation on it.
No you cannot claim Input Tax Credit ( ITC ) on Shop booked at the under construction stage as the services of Works Contract is specifically BLOCKED under Section 17 sub section (5) clause (c) of the CGST Act 2017.
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