Goods and Services Tax – Started By: – SAFETAB LIFESCIENCE – Dated:- 21-11-2018 Last Replied Date:- 21-11-2018 – Dear Experts, Please advise us whether we can take ITC on the following different cases 1. Investment on Factory Building on purchase of Building construction materials and booked in Fixed Assets 2. Investment on Admin Building on purchase of Building construction materials and booked in Fixed Assets A/c.3. Investment on Factory Building on payment of Labour charges and booked in Fixed Assets A/c.4. Investment on Admin Building on payment of Labour charges and booked in Fixed Assets A/c.5. Expenses on Factory Building repairs on purchase of Building construction materials and booked in Building Maintenance Account (P & L acc
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ction 17(5) of the CGST Act. – Reply By Ramaswamy S – The Reply = ITC not eligible as per Section 17(5) of CGST Act. Further there is a recent Advance Ruling by Telangana on the matter. Regards S.Ramaswamy – Reply By DR.MARIAPPAN GOVINDARAJAN – The Reply = I endorse the views of both experts Shri Yagay and Ramasamy. – Reply By Ganeshan Kalyani – The Reply = Reproducing extract of exclusion clause. Sec 17(5)(c) works contract services when supplied for construction of an immovable property (other than plant and machinery) except where it is an input service for further supply of works contract service; (d) goods or services or both received by a taxable person for construction of an immovable property (other than plant or machinery) on his o
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