Itc of Gst

This discussion explores whether Input Tax Credit (ITC) can be claimed on GST paid for industrial land purchases in GIDC, Gujarat. While ITC is generally not available for works contracts related to immovable property construction (except plant and machinery), the question arises about GST charged on land transfer fees and modifications. The consensus suggests that as these are typically capital expenditures, ITC is disallowed, making the GST a non-recoverable cost.