ITC of purchase property

itc can be taken on purchase of commercial property in the name of firm pls gaid me.
Replies (4)
Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) can be claimed on the purchase of commercial property. The consensus is that ITC is generally blocked under Section 17(5) of the GST Act, regardless of whether the property is purchased in the name of a firm or a company. Therefore, you cannot claim ITC on GST paid for such property acquisitions.

No such credits are blocked u/s 17(5)

Can I claim ITC on GST paid towards property purchased in the name of company?

No ITC even if purchased in the name of the company. For more, read section 17(5).

No, you can't claim...
it's specifically blocked u/s 17(5)

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 November 2026
Tax Product Specialist

BharatX.ai

Gurgaon

B.Com

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
13 November 2026
Chartered Accountant - Fresher

Neeraj Bhagat & Co

New Delhi

CA

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details