Is GST Paid on commercial property purchased for office purpose eligible for ITC. If, yes then please give section under which it can be availed. Thanks
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Quick Summary
This discussion clarifies whether Input Tax Credit (GST ITC) can be claimed on commercial property purchased for office use. The consensus is that ITC is generally not available for such expenses. This is due to Section 17(5) of the GST Act, which blocks credit for certain inward supplies, including those related to immovable property used for business purposes.