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

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 rulin

authorReetudateJan 4, 2020
Last update on Jan 4, 2020
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. To Download Copy of Order – Click Here  For Regular Updates Join : https://t.me/Studycafe Tags : JudgementGSTAdvance Ruling

About Author

Reetu

Content Manager

Reetu is a Content Writer with 4+ years of experience in GST, Income Tax, Finance, Company Law, Education and Career Related Content. She is a B.COM (Honrs.) Graduate.
Studycafe
Delhi, Delhi, India
8072
Up Next

Loading suggestions…