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Can credit be claimed of Hardware and electric fitting bill for restaurant construction?

Can credit be claimed of Hardware and electric fitting bill for restaurant construction?

Reply

Input tax credit is not allowed for any cost incurred in construction of immovable property. Therefore, you cannot claim ITC on hardware and electrical fitting which is used for construction of immovable property. If the building is constructed for further sale and GST is applicable on the sale then ITC can be claimed.

Posted Date: Dec 18, 2018
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