Eligibility of input GST in cases where building is constructed for leasing purpose

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..... Section 17(5) of the Central Goods and Services Act, 2017 provides that input tax credit in respect of the following shall not be available- (c) works contract services when supplied for construct .....

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..... ion of immovable property (other than plant and machinery) except where it is an input service for further supply of works contract service; (d) goods or services or both received by a taxable person .....

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..... for construction of an immovable property (other than plant and machinery) on his own account including such goods or services or both are used in course of furtherance of business; Query: In case .....

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..... , a builder is developing or constructing a building which would be used for providing on lease after construction. Whether builder would be eligible to take input tax credit of input GST paid on rec .....

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..... eipt of goods or services for construction of building? - Reply By Alkesh Jani - The Reply = Sir, sorry to say that ITC would not be available. - Reply By Alkesh Jani - The Reply = Sir, in this r .....

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..... egards, please refer Section 17(5)(d) of the CGST Act, 2017. - Eligibility of input GST in cases where building is constructed for leasing purpose - Query Started By: - Amit Gopal Dated:- 9-2- .....

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..... 2018 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - .....

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..... taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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