TaxTMI 
TaxTMI 
Reversal of Own Consumption of Cement in Civil Immovable Structure
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....eversal of Own Consumption of Cement in Civil Immovable Structure<br> Query (Issue) Started By: - Prem Choudhary Dated:- 4-4-2019 Last Reply Date:- 5-4-2019 Goods and Services Tax - GST<br>Got 4 Repli....
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....es<br>GST<br>Dear Expert Please advice for reversal of ITC in case own consumption of Cement in Civil immovable structural work. whether rate of reversal is @ 28% or proportion ITC used in Cement. ....
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....? for your GST on Cement @28% Reply By Ganeshan Kalyani: The Reply: Sir cement used in construction is not eligible for thd input tax credit claim. Therefore, the input tax credit taken should be r....
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....eversed. Reply By KASTURI SETHI: The Reply: In the scenario explained, ITC on cement is fully disallowed as advised by Sh.Ganeshan Kalyani Ji. Reply By Prem Choudhary: The Reply: Sir Cement is ow....
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....n production and consumption in the scenario , in case own consumption output gst is not payable. But we need to reverse itc used in production of cement for own consumption (other then plant and mach....
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....inery ) under sec 17(5) Reply By Mahadev R: The Reply: In terms of Section 17 (5)(d), goods or services or both received by a taxable person for construction of an immovable property (other than pla....
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....nt or machinery) on his own account including when such goods or services or both are used in the course or furtherance of business. Therefore, in the present case the inputs used in cement which in ....
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....turn used in construction could get disallwed<br> Discussion Forum - Knowledge Sharing ....