Jyoti (Housewife) 06 August 2017
My husband have gst number and run his spareparts business if he can give payment of a plot (land) for me then he can claim reversal of the 12 % gst of on EDC (EXTERNAL DEVLOPMENT CHARGES) of my plot land or not ????
Jyoti (Housewife) 07 August 2017
Hello sir ,
My name is jatin .I have gstin number and run my spare parts business. Now i am plan to purchase a land (plot) from eldeco company in ldh. Please tell me that the eldeco company charge me gst 12 % on EDC (external devlopment charges). Can i claim this charges for input credit ???
CA Vamsi Krishna N (Finance & Accounts) 07 August 2017
If you purchase the land for business purposes then Input may be availed. But i doubt that the sale of Plot falls under Immovable property and GST is not leviable. How is the developer charging GST.
I will check the act and revert further.
Even if he charges for development of Land, GST credit can be availed only if the Land is purchased for business. But it is very clear that GST not to be charged on Immovable property.
Shivam Chomal 07 August 2017
You will not be allowed to claim credit of goods or sevices used for construction of immovable property even if such goods and services are used in the furtherance of business (as per section 17(5)(d)).