real estate business can avail itc on flat sales

Yes, when the flats are charged GST at 12% over the value of the flat inclusive of land cost, ITC is available over all input GST paid......

In my view, the ITC cannot be availed on inputs like cement, bricks etc. Section 17(5) (c)of CGST Act clearly lays down restriction on availement of credit when works contract service is supplied for consrtruction of immovable property. The builder has purchased cement, bricks etc. after paying GST and is constructing a builidng/flats which is obviously, immovable property. Keeping in view the general principle of cascading effect of taxation, the credit should have been allowed. However, in view of the specific bar in section 17(5)(c), credit is not admissible.

@ RAMESH KUMAR SINGLA, Sir, I am an article student, my client is an real estate company sales open plots as well as costructs residentials buildings as per customer requirement. So what i want know is on what type/kind of expenses we can claim gst.

Like

1.Blasting work

2.Miller hire charges

3.Cement,bricks

4.Electrical works.

5.Plumbing

6.Painting..etc.. 

@ RAMESH KUMAR SINGLA, Sir, I am an article student, my client is an real estate company sales open plots as well as costructs residentials buildings as per customer requirement. So what i want know is on what type/kind of expenses we can claim gst.

Like

1.Blasting work

2.Miller hire charges

3.Cement,bricks

4.Electrical works.

5.Plumbing

6.Painting..etc.. 

Sir, some are saying we cant take..could explain it briefly. I mean the reason and the condition which allows to take Input credit