Construction of commericial shop

ABHI KUMAR (735 Points)

10 September 2022

construction of commericial shop can we claim input tax credit???? thanks in advance

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4 Replies

CS Advocate Abhishek Goyal (M Com FCS LLB M-AIMA ) (13989 Points)
Replied 10 September 2022

No it's blocked credit under section 17(5) to the extent of capitalization.

CA Altamush Zafar (GST Consultant) (15986 Points)
Replied 11 September 2022

There is a case law of Safari retreats of Orissa HC which you can refer. The case is at present pending at Supreme Court

veerendar singh (tax consultant) (3306 Points)
Replied 11 September 2022

No you cant take

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 12 September 2022

No it's block u/s 17(5) . Cannot claim till SLP filed against Safari case is pending before Hon'ble SC

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