No ITC available For Construction of building even for furtherance of business


No ITC available For Construction of building even for furtherance of business

TAMILNADU ADVANCE RULING AUTHORITY

The Question and the ruling was as follows:

1. Whether the Input Tax Credit against purchases of materials construction of building materials can be claimed and utilize to nullify the cascading effect of taxation

RULING

No Input Tax Credit is available against any goods or services received by the applicant for construction of the Marriage Hall on his own account even if used in course or furtherance of his business of renting the place.

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