Can we take ITC

This query is : Resolved

Dharmender Rangapur (Querist)
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07 August 2020 A X company's nature of business is purchasing
1. land and giving for development the same and in future gives for rent.
2. and Sale of land.

My Question is can company can take ITC on bill given by developer and if any material purchased for construction of land.
Please give clarification for the same which ITC can we take and which are not.

Lekhraj sood

Lekhraj sood (Expert)
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07 August 2020 No,ITC can not be availed for the gst paid on land development charges as relating to immovable property.

Dharmender Rangapur

Dharmender Rangapur (Querist)
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07 August 2020 which ITC can be availed by the company . I mean to say that on which the company can take ITC.

Asha Kanta Sharma

Asha Kanta Sharma (Expert)
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09 August 2020 https://cleartax.in/s/gst-cases-where-input-tax-credit-is-unavailable
https://taxguru.in/goods-and-service-tax/itc-eligibility-works-contract-construction-activities.html
https://taxguru.in/goods-and-service-tax/availability-itc-goods-services-construction-immovable-property.html
https://www.cbic.gov.in/resources//htdocs-cbec/gst/Work%20Contracts%20in%20GST.pdf