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Itc on immoveble property
we have purchase a plot to use for transport business from goverment body (Raipur pradhikaran) basis of 30 years lease, they have charge 9%+9% gst, can we take itc on this purchase. we are already B2B dealer .
Replies (5)
Are You purchase the plot or Taken Lease...??
We have purchase on 30 years lease and will renewed every 30 years, fully ownership
I can't understand for this is purchase...!!
As per Your query & reply if it's purchase then ITC not available...
If it's lease then You can claim ITC...
As per Your query & reply if it's purchase then ITC not available...
If it's lease then You can claim ITC...
Yes you can claim the tax paid on such lease because if you purchase such property then GST will not levy instead GST Normal Stamp Duty will be levy and no question of credit will arise.
Yes you can claim ITC , it's on lease/rent paid
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