ITC on Construction of Immovable property
This query is : Resolved
16 February 2023
What is the intension of government or GST council for blocking ITC on construction expenses on immovable property(Building), where in the case of Plant and machinery the ITC can be claimed?
16 February 2023
Because the rates are reduced, where ITC is not allowed, particularly for affordable housing projects.
There are different rates for construction, with ITC and without ITC.
There are different rates for construction, with ITC and without ITC.
22 February 2023
I didn't get your answer, Can you please give reasons why ITC is blocked?
22 February 2023
Refer:: https://taxguru.in/goods-and-service-tax/gst-input-tax-credit-construction-immovable-property.html
A case law :: https://taxguru.in/goods-and-service-tax/itc-admissible-construction-immovable-property-business.html
A case law :: https://taxguru.in/goods-and-service-tax/itc-admissible-construction-immovable-property-business.html
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