ITC ON FACTORY BUILDING GOODS AND LABOUR CHARGES
Query (Issue) Started By: – SAFETAB LIFESCIENCE Dated:- 21-11-2018 Last Reply Date:- 21-11-2018 Goods and Services Tax – GST
Got 6 Replies
GST
Dear Experts,
\nPlease advise us whether we can take ITC on the following different cases
\n1. Investment on Factory Building on purchase of Building construction materials and booked in Fixed Assets
\n2. Investment on Admin Building on purchase of Building construction materials and booked in Fixed Assets A\/c.
\n3. Investment on Factory Building on payment of Labour charges and booked in Fixed Assets A\/c.
\n4. Investment on Admin Building on payment of Labour charges and booked in Fixed Assets A\/c.
\n5. Expenses on Factory Building repairs o<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n By YAGAY andSUN: = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" ITC ON FACTORY BUILDING GOODS AND LABOUR CHARGES Query (Issue) Started By: – SAFETAB LIFESCIENCE Dated:- 21-11-2018 Last Reply Date:- 21-11-2018 Goods and Services Tax – GSTGot 6 RepliesGSTDear 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 … Continue reading “ITC ON FACTORY BUILDING GOODS AND LABOUR CHARGES”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-15082","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/15082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15082"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/15082\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nThe Reply:
\nITC on Civil Structure is not allowed. For details, please refer Section 17(5) of the CGST Act.
\nReply By Ramaswamy S:
\nThe Reply:
\nITC not eligible as per Section 17(5) of CGST Act. Further there is a recent Advance Ruling by Telangana on the matter.
\nRegards
\nS.Ramaswamy
\nReply By DR.MARIAPPAN GOVINDARAJAN:
\nThe Reply:
\nI endorse the views of both experts Shri Yagay and Ramasamy.
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nReproducing extract of exclusion clause.
\nSec 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;
\n(d) goods or services or both received by a ta<\/p>\n
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