banner_ad

Refund of itc on individual house sale

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 November 2018 My question is that one of individual was registered under GST as property dealer.
They construct an individual house and sell them to other individual.
They buy the construction material cement, bricks, electrical, sanitary etc etc in their name (GST No.)

They sell the house to other without GST (No GST on completed immovable Property).

My question is that individual seller (Reg.Person ) eligible for refund of ITC on material used to make house.

Please reply soon

Regards

Pankaj
Profile Image

Vishakha Kejriwal.

Profile Image

Vishakha Kejriwal. (Expert)
23 November 2018 As per Section 54 of the CGST Act refund is available only on zero rated supplies and inverted duty structure supplies (where input rate is higher than output rate) and this excludes exempt and Nil rated supplies. Hence no refund is admissible in your case.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details