Taxation Interview Questions and Answers | Most Asked Tax GST Interview Questions
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- Опубліковано 21 чер 2022
- Most Asked Taxation Interview Questions and Answers for freshers & Experienced.
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Sir, a private limited company can claim ITC on commercial construction building if the company which is not engaged in the same business. Please suggest Thank you!
No, a private limited company cannot claim Input Tax Credit (ITC) on commercial construction building if the company is not engaged in the same business. ITC can only be claimed on goods or services that are used for business purposes and if the company is not engaged in commercial construction, it cannot claim ITC for it.