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Gst on home

31 March 2019

I am registered dealer under gst I have purchased home and have received possession of home in last month can I take benefits of GST paid on home purchase

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5 Replies

PRABIR PAUL (*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.) (1443 Points)
Replied 31 March 2019

residential property is not allowed for business itc

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Priya Kashyap (Student) (7053 Points)
Replied 31 March 2019

only in case used in business or furtherance of business

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pritesh (CA Final student) (7101 Points)
Replied 31 March 2019

No ITC not available....

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 01 April 2019

No.....................

Shivam RC (Student) (23683 Points)
Replied 01 April 2019

ITC not available in your case since the House Property is being used for Personal Consumption. Refer Section 17(5) of the CGST Act 2017 - " Blocked Credit".

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