Block Credit - Goods or Services or both received by a taxable person for construction of an immovable property (except plant or machinery) [Section 17(5)(d) of CGST Act] - GST Ready Reckoner - GST

..... n the course or furtherance of business. Meaning of Work contract define in section 2(119) of CGST Act Works contract means contract for building ,construction, fabrication, completion, erection installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration or commissioning of any immovable property where in transfer of property in goods ( whether as goods other form) is involved in the execution of such contract. Meaning of construction define in the explanati .....

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Block Credit - Goods or Services or both received by a taxable person for construction of an immovable property (except plant or machinery) Section 17(5)(d) of CGST Act - GST Ready Reckoner - GST

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..... lant or machinery, construct on his own account, is blocked even when such goods used in the course or furtherance of business. Example 2:- B.S. Farms has himself build the marriage hall for which he has received various goods such a cement, steel, sand, tiles, bathroom fitting etc. as inputs and services by architect, labour contractor etc. as input services. he is using the hall to rent out to customers for occasions. In that case, as per provision mentioned above, construct on his own a .....

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Block Credit - Goods or Services or both received by a taxable person for construction of an immovable property (except plant or machinery) Section 17(5)(d) of CGST Act - GST Ready Reckoner - GST

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