LocalCrack (Professional) (35 Points)
05 May 2018Can I get input tax credit for GST paid on under construction property ?
Actually I own a business and I pay gst now my confusion is that I want to buy property on my personal name and I pay gst with my business name. so how I will claim input tax credit ?
Kindly guide me to clerify my doubt.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(162992 Points)
Replied 05 May 2018
" Can I get input tax credit for GST paid on under construction property ?
NO.
CA Ashish Agarwal
(Practice)
(127 Points)
Replied 05 May 2018
Under Section 17(5) of GST Act, it is clearly mentioned ITC with regards to immovable property cannot be claimed in respect of business
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