we constructed our shop can we claim itc on material purchased. thanks in advance
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Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) can be claimed on materials purchased for constructing a shop. The consensus among experts is that ITC on construction materials is generally blocked under Section 17(5) of the GST Act. However, there's a nuance regarding ITC on fixed assets, which might be allowed if depreciation isn't claimed on the GST component of the purchase.