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What about the ITC on capital goods.

04 March 2021

please let me know, whether a person( registered textile dealer) can avail the ITC of the construction materials, which is used for the construction of his shop.

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5 Replies

JASKARAN SINGH (422 Points)
Replied 04 March 2021

NO.... except capital goods he can only CALIM.... in yours case.. he shouldn't claim

Sujit Saha (243 Points)
Replied 04 March 2021

Please give some more clarity.

JASKARAN SINGH (422 Points)
Replied 04 March 2021

U can't CLAIM ITC on capital goods IN CONSTRUCTION WORK

Yugandhar (CA) (123 Points)
Replied 04 March 2021

Refer Section 17(5)(d) of CGST Act, 2017

the input tax credit shall not be available in respect of goods or services or both received by a taxable person for construction of an immovable property (other than plant or machinery) on his own account including when such goods or services or both are used in the course or furtherance of business.

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