Bar Of Input Tax Credit On Construction Activities – Does It Sustain Even When The Expenses Are Written Off Instead Of Being Capitalised In The Books Of Accounts?

While ITC is available to an assessee registered under GST law, in respect of goods and services used in the course of business or for furtherance of business, certain credits are blocked and are not eligible for availment. One such restriction is provided under Section 17(5)(c) and (d) of the Central Goods and Services Tax Act, 2017 (‘CGST Act’)...