We are machinery manufacturers, we are purchasing adjacent land for extend our manufacturing facility for that we have paid to real estate broker. he charged GST @ 9%. Whether ITC is eligible?
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Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) is eligible for GST paid on real estate brokerage fees. The consensus is that ITC is indeed eligible when purchasing adjacent land to extend a manufacturing facility, as this expenditure is considered in furtherance of business and is not blocked under GST law.