ITC is available in relation to construction of immovable property; Know Conditions || CA Bimal Jain

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  • Опубліковано 24 гру 2024

КОМЕНТАРІ • 28

  • @dhsikka
    @dhsikka 9 місяців тому +1

    Thanks a lottt Sir, Regards, Dharminder Sikka

  • @jhanwar4382
    @jhanwar4382 9 місяців тому +1

    Thanks Sir 👍👍👍

  • @srinivasbhata6512
    @srinivasbhata6512 9 місяців тому +1

    🙏 Thank you Sir for valuable
    information

  • @bishanseal3647
    @bishanseal3647 8 місяців тому

    What about Fixtures, furniture fixed to wall. Like wall cabinets debited to Furniture. Also lifts.

  • @RahulJain-qd8kf
    @RahulJain-qd8kf 9 місяців тому +1

    Sir, ITC - 0️⃣3️⃣ filing pr video banana please. (In case of Nil filing of ITC - 03) Thanks sir❤

  • @rohittripathi3947
    @rohittripathi3947 9 місяців тому +1

    👍👍👏👏

  • @piyushgoyal9831
    @piyushgoyal9831 4 місяці тому

    Hi Sir, when we could see the GST books updated by Finance Act 2?

  • @cajhalakkarmakar
    @cajhalakkarmakar 9 місяців тому +1

    If the item is of capital nature but for availing credit,the registered person has treated such item as revenue nature in their books then whether the credit is available or not

    • @itsmethakur11
      @itsmethakur11 9 місяців тому

      Accounting rules and standards should be followed, if standard allows it to be recognised as revenue then ITC can be availed

    • @MuditSurana-e2i
      @MuditSurana-e2i 7 місяців тому

      Sir please reply

  • @rohitgangwani3077
    @rohitgangwani3077 9 місяців тому +2

    final crux for aar ruling will be sir itc will be available for construction of immovable property that is other than of plant & machinary if it is of revenue nature whether i am right sir

  • @architgoyal2946
    @architgoyal2946 9 місяців тому +2

    Sir please provide clarification about whether ITC of construction materials purchased by builder is available to builder if they sold flats and shops after constructing please make one detailed video on ITC in case of builders and developers 🙏

    • @wisepath_academy
      @wisepath_academy 9 місяців тому +1

      I think not available as after construction sold, hence not a supply, it won't be available

    • @venugopalrao79
      @venugopalrao79 9 місяців тому +1

      Once construction completed and got occupancy certificate, it will become immovable property. You need not to pay the GST as well as, not eligible for ITC, need to reverse it. If you already entered into agreement before completion of construction, it is liable to pay GST.

    • @SanjeevChauhan-e6f
      @SanjeevChauhan-e6f 8 місяців тому

      Flat sold after construction is inventory

  • @anuchar9385
    @anuchar9385 9 місяців тому +1

    Sir make a video on sec 16(2),rule 37 vis a vis standard accounting practice

  • @manikantachalapaka
    @manikantachalapaka 5 місяців тому

    Whether works contract company is eligible for ITC, if any materials purchased by works contract company for construction of immoveable property to client?

  • @rahulchhajed1658
    @rahulchhajed1658 9 місяців тому

    What if it is in nature of capital expenditures but debited to pl account

  • @labanyadharbaniah5251
    @labanyadharbaniah5251 5 місяців тому

    Section 16(3) of cgst Act is the accurate answer.

  • @tejasmistry7710
    @tejasmistry7710 9 місяців тому

    Sir, Grant-in-aid (SUBSIDY)received from State Govt. for private laboratory to meet international standards attracts any GST?

  • @itsmethakur11
    @itsmethakur11 9 місяців тому

    Sir why supreme court is delaying its final verdict on Safari retreat case for so long???
    🙏

  • @lalitsharma8328
    @lalitsharma8328 9 місяців тому

    Good evening sir, sir kya E- rickshaw itc claim kar sakte h

    • @harshrajofficial85
      @harshrajofficial85 4 місяці тому

      itc cannot be claimed for motor vehicles, upto 13 seating capacity including driver except when used for a) further supply , b) imparting or training , transportation,
      if you are using e rickshaw for passanger transportation , you can claim itc

  • @nageswarareddykummetha6951
    @nageswarareddykummetha6951 9 місяців тому

    Sir please prepare one video relating to judgement of mrityunjay Kumar case

  • @jiteshsingh1049
    @jiteshsingh1049 4 місяці тому

    What about this?
    Karnataka - M/s. Tarun Realtors Pvt. Ltd. Bangaluru vide order dtd.30.09.2019.

  • @masoomraza6370
    @masoomraza6370 9 місяців тому

    GOV TENDER CIVIL WORKS
    Municipal gives add 18% gst then
    Can I apply for ITC and pay direct tax in Gst the whole 18% gst
    Which one is right ?