ITC of immovable property

This discussion explores the availability of Input Tax Credit (ITC) on the purchase of commercial or residential immovable property when used for the business of renting. While generally no ITC is available for property purchased before obtaining a completion certificate, the Orissa High Court's ruling in Safari Retreats Private Limited offers a potential favourable view. The judgement suggests ITC might be allowed if the GST chain isn't broken and the expense is for furthering business, not personal use. However, until a final apex court decision, it's advisable to refrain from claiming such ITC.