Claiming ITC for Warehouse Construction Costs: Conditions and Utilization for Rental Services Explained.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Utilization of input tax credit (ITC) - inward supply of said input/input service used for construction of warehouse can be claimed and utilized to pay tax on the outward supply of services provided by way of renting of said warehouse - Input tax credit is admissible if such construction expenses are not capitalized in books. - AAR....