Construction of commericial shop

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744 Points Posted on 10 September 2022
construction of commericial shop can we claim input tax credit???? thanks in advance
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On 10 September 2022 at 10:55 Report
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This discussion addresses whether Input Tax Credit (ITC) can be claimed on the construction of a commercial shop. The consensus is that it is generally considered blocked credit under Section 17(5) of the GST Act, particularly to the extent it is capitalised. A relevant case law from the Orissa High Court, Safari Retreats, is mentioned, noting that the matter is currently pending before the Supreme Court.

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M Com FCS LLB M-AIMA
14046 Points Posted on 10 September 2022

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

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On 10 September 2022 at 14:03
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GST Consultant
15986 Points Posted on 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

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On 11 September 2022 at 19:54
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tax consultant
3306 Points Posted on 11 September 2022
No you cant take
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On 11 September 2022 at 21:44
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GST Practitioner
55067 Points Posted on 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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On 12 September 2022 at 01:10

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