Input credit of GST paid on purchase of commercial premises

ITC / Input 3608 views 6 replies

whether gst regd person can claim input credit of gst paid on purchase of commercial premises

Replies (6)
No ..............
no he cannot claim input
pl provide gst reference
First, I assume that you are buying the property in under construction stage as only then you would be paying GST - thus raising the question of ITC.

In case constructed property is purchased no GST is a payable and thus no question of ITC.

Availability of ITC - No. In general, ITC is not available. Only exception is if you had purchased under construction property and are further providing construction service and selling the property. Such situations arise only in case of builders/ developers or business of the said nature.
ok, thank you sir..
The above provisions is covered in sec 17 of CGST act.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register