GST ITC

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When reconstructing a commercial complex, you might wonder if you can claim GST Input Tax Credit (ITC) on construction materials. However, Section 17(5) of the GST Act generally classifies the construction of buildings as a blocked credit, meaning ITC is typically not available for these expenses.

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(Querist)
04 June 2020 We are having one Rental income in commercial complex. Now we are demolished building and reconstructing.
we can use ITC for construction material bill .
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
04 June 2020 No ITC can be taken on construction of buildings, it will fall under blocked credit.
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
05 June 2020 No ITC available for construction under section 17(5).
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