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kindly clear my confusion about gst reverse on property land purchase

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Housewife
71 Points Posted on 06 August 2017
My husband have gst number and run his spareparts business if he can give payment of a plot (land) for me then he can claim reversal of the 12 % gst of on EDC (EXTERNAL DEVLOPMENT CHARGES) of my plot land or not ????
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On 06 August 2017 at 20:49 Report
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jr accountant
708 Points Posted on 06 August 2017
not claim if your business is not constraction
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On 06 August 2017 at 21:53
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Housewife
71 Points Posted on 06 August 2017
ok sir thankyou
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On 06 August 2017 at 22:03
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Housewife
71 Points Posted on 06 August 2017
Dear sir ,

My husband says that under SEC 17 of CGST Act No ITC this is reversable is he right or not kindly help me ????
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On 06 August 2017 at 22:10
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"Do the Right Thing...!!!"
128152 Points Posted on 06 August 2017
Individual use GST tax can't applicable for company purpose....
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On 06 August 2017 at 22:20
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Ministry of finance
180 Points Posted on 06 August 2017

This cannot be classified as supply under section 9 if the CGST Act 2017 as the transfer is not in the course of furhernce of business and the point about consideration is silent.  hence he cannot charge GST on the transaction and reverse the input tax credit

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On 06 August 2017 at 22:28


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