banner_ad

input of tax

ITC / Input 167 views 4 replies
I am trader having GST no now I have purchased a commercial complex for giving it on rent and paid gst at time of purchase can I avail the input tax which I paid at the time of purchase of complex.
Replies (4)

Yes u may avail Input Tax Credit.

no gst on purchase of immovable property is not eligible for itc
no

ITC is not available for this unless you are a builder or a construction work person
There are 2 Condition while purchasing Immovable property

1. If u have made agreement to purchase during the Construction of property the builder is liable to collect GST but the you cannot take ITC for the same as it is block under section 17(5)

2. Sale of building is an activity or consideration which is neither a supply of goods nor a supply of services (Para 5 of schedule III of the CGST Act, 2017).

Either of conditions mentioned above , you are not supposed to take ITC , or there is No GST applicable ,..


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details