Itc of Gst

400 views 3 replies

I am buying an industrial land for my factory in GIDC Gujarat. for which i will have to pay transfer fees + gst.

can i take ITC of that GST.

Gst charged for transfer of land, or in case of any modification of land, plan approval. can i take that ITC.

Replies (3)

No. you can not claim. ITC is not available on works contract services when supplied for construction of an immovable property except plant and machinery. 

Yes, i cannot claim ITC on work contract on construction.

But GST charged by Gujarat Industrial Development Corporation (GIDC) on transfer of land.

means GST on Land purchase charges. 

Can i claim that GST?

Hi sir it's disallowed of itc unless u taken those expenses charge as revenue nature for in the course of furtherance of business then u can claim but it's not revenue nature expenses because those expenses is capital expenditure hence u can't claim but contrary against main object of gst introduced its not seem less of credit it become cost

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details