ITC on building construction

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316 Points Posted on 23 January 2023
Can I claim ITC in construction of building which is constructed for the purpose for rent.
Have Supreme Court decided the petition filed in case of safari retreat in which ITC allowed by Orrisa HC.
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On 23 January 2023 at 12:17 Report
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This discussion explores the eligibility of claiming Input Tax Credit (ITC) on buildings constructed for the purpose of renting them out. It specifically references the Supreme Court's decision on the Safari Retreat case, where the Orissa High Court had previously allowed ITC. The general principle discussed is that ITC on construction materials is permissible if the property is used for commercial purposes.

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Profession Business
28246 Points Posted on 23 January 2023
Inputvtax credit on construction material provided the property is used for commercial purposes.
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On 23 January 2023 at 18:23
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316 Points Posted on 23 January 2023
It means I can claim ITC
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On 23 January 2023 at 23:16

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