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TMI BlogITC on Factory buildingX X X X Extracts X X X X X X X X Extracts X X X X ..... Respected experts, My query is in relation to ITC u/s 17(5) . One of my client is giving contract to build a factory. He is letting out this factory on monthly rent basis. I have 2 queries - 1) whether the contractor can claim ITC on inputs he purchased to build the factory? (Later the contractor will bill for the building construction). 2) Whether contractee i.e, my client will be eligible to cla ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... im ITC on what contractor has billed as he is going to let out the factory building on monthly rent basis? - Reply By Sadanand Bulbule - The Reply = Dear Venkatesh The matter related to your query stands well settled. Please peruse discussion ID No. 115652 dated 11/11/2019 for experts' views. - Reply By Venkatesh Dhongadi - The Reply = Sir What about the contractor. Whether contractor can clai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m ITC? - Reply By Sadanand Bulbule - The Reply = Dear Venkatesh As long as the supply of construction services fall under the definition of Works Contract ,the contractor is entitled for ITC. - Reply By Shilpi Jain - The Reply = Contractor can claim ITC. Your client - take and wait for the decision of the SC. Can consider reversing under protest or not utilising also. - ITC on Factory building - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Query Started By: - Venkatesh Dhongadi Dated:- 20-9-2024 Last Replied Date:- 23-9-2024 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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