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Input credit of GST paid on purchase of commercial premises

Satish Kavitake (389 Points)

11 December 2018

whether gst regd person can claim input credit of gst paid on purchase of commercial premises

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6 Replies

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 11 December 2018

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

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pritesh (CA Final student) (7101 Points)
Replied 12 December 2018

no he cannot claim input

Satish Kavitake (389 Points)
Replied 12 December 2018

pl provide gst reference

pritesh (CA Final student) (7101 Points)
Replied 12 December 2018

First, I assume that you are buying the property in under construction stage as only then you would be paying GST - thus raising the question of ITC.

In case constructed property is purchased no GST is a payable and thus no question of ITC.

Availability of ITC - No. In general, ITC is not available. Only exception is if you had purchased under construction property and are further providing construction service and selling the property. Such situations arise only in case of builders/ developers or business of the said nature.