I am a registered taxpayer under gst. I recently bought a property for the purpose of renting out for commercial purpose to a company. I'm using several goods and services to make the property ready. now, my question is this:
Will I get ITC on these inputs and input services?
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renting of immovable property
Replies (4)
ITC cannot be availed for all the goods and services used till completion of immovable property (but other than developers).
No ITC is available
actually property is being modified to make it usable for commercial purpose. like ac , chairs, ambience
VIJYANT JI
THE CONCEPT IS ANYTHING BEING CAPITALISED TO BUILDING ACCOUNT , NO ITC CAN AVAIL
As per section 17(5)...... YES, ON AC, FURNITURE YOU CAN CLAIM ITC
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