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 .
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.
CAclubindia
