Itc of Gst

ITC / Input 307 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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register