Regarding property itc

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accountant
564 Points Posted on 26 November 2020
I have booked shop under construction work now he charged 5 percent gst 125000.
can I claim.this itc.
please suggest me
thank u in advance
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On 26 November 2020 at 15:09 Report
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Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) for GST paid on under-construction shops can be claimed. The consensus is no, as this falls under 'Works Contract' services, which are specifically blocked for ITC claims under Section 17(5)(c) of the CGST Act 2017.

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GST Practitioner
55067 Points Posted on 26 November 2020
No.... you cannot It's block u/s 17(5) of CGST Act
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On 26 November 2020 at 15:39
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accountant
564 Points Posted on 26 November 2020
Thank u sir for answer
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On 26 November 2020 at 15:51
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Student
23693 Points Posted on 26 November 2020
No you cannot claim Input Tax Credit ( ITC ) on Works Contract as it is specifically BLOCKED U/s 17(5) clause (c) of the CGST Act 2017.
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On 26 November 2020 at 16:06

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