Cenvat credit of cement and Steel under GST

[Aitha RajyaLakshmi]

Sir,

Whether cenvat credit of Cement and Steel is available for a builder under GST? and if so whether it is available on repairs and renovation also?

AI Summary

Builders Can Avail Cenvat Credit for Cement and Steel Under GST, Section 16 CGST Act 2017; Await Further Notifications. A query was raised regarding the availability of Cenvat credit for cement and steel under GST for builders, including for repairs and renovations. Responses indicated that, according to Section 16 of the CGST Act, 2017, there are no current restrictions on availing input tax credit for these materials, though further notifications from the department are awaited. Some contributors suggested waiting for the GST implementation date, which might be deferred, but likely not beyond September 2017. The expected implementation date was mentioned as July 1, 2017.