GST ITC on Commercial Property Purchase

Thanks for bringing up this important question, Ramesh.
As far as I know, ITC on the purchase of immovable property is generally not allowed under Section 17(5) of the CGST Act unless the property is used for further supply of works contract service. However, there may be exceptions based on the business model or structure. Speed Stars

Would love to hear from others if there have been recent clarifications or case-specific rulings!

Not allowed under section 17(5) of the CGST act 2017. The supporting notifictions can be found in this section of the act.

Not allowed under section 17(5) of the CGST act 2017. The supporting notifictions can be found in this section of the act.

Thanks for sharing this detailed query about GST ITC on commercial property. It's helpful for business owners navigating tax rules. Speaking of business tools, I recently used <a target='_blank' rel='nofollow' href="https://nanobananapro.pics">Nano Banana Pro</a> to create professional images for my company's marketing materials in seconds.

https://nanobananapro.pics