Hello,
The construction is under process for Function hall , I am planning to GST registration please suggest me what will be SAC for the Rent of function hall and can I claim GST input tax credit from construction materials purchased for the function hall
thanks
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Rent from Function / Marriage Hall
Replies (2)
Sir,
SAC 997212: Rental or leasing services involving own or leased non-residential property, and GST ITC not applicable for asset purchases or addition to building, you can't book as expenses for construction.
You will not be able to claim ITC as INPUT TAX CREDIT on "Works Contract" is specifically BLOCKED U/s 17(5) of the CGST Act 2017.
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