ITC of goods and service tax

can a company will take the ITC of GST for it's newly constructed building ??
Replies (2)
Quick Summary
This discussion clarifies whether a company can claim Input Tax Credit (GST ITC) on a newly constructed building. The consensus is that ITC on immovable property is generally blocked under Section 17(5) of the GST Act, with exceptions for plant and machinery. Instead, the total cost can be capitalised, and depreciation can be claimed at the prescribed rate.

No pls take it in depreciation
No, you can not take ITC of immovable property except plant and machinery as it's blocked u/s 17(5)..You can capitalised total cost and can claim depreciation on that at prescribed rate.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details