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

[@dhsikka]

Thanks a lottt Sir, Regards, Dharminder Sikka

[@jhanwar4382]

Thanks Sir 👍👍👍

[@bishanseal3647]

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

[@srinivasbhata6512]

🙏 Thank you Sir for valuable information

[@piyushgoyal9831]

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

[@rahulchhajed1658]

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

[@manikantachalapaka]

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

[@RahulJain-qd8kf]

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

[@cajhalakkarmakar]

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]

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

[@MuditSurana-e2i]

Sir please reply

[@rohitgangwani3077]

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

[@cabimaljain]

yes

[@tejasmistry7710]

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

[@cabimaljain]

no

[@anuchar9385]

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

[@architgoyal2946]

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]

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

[@venugopalrao79]

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]

Flat sold after construction is inventory

[@lalitsharma8328]

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

[@harshrajofficial85]

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

[@jiteshsingh1049]

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

[@itsmethakur11]

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

[@rohittripathi3947]

👍👍👏👏

[@labanyadharbaniah5251]

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

[@nageswarareddykummetha6951]

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

[@masoomraza6370]

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 ?