Aggarwal K L (Buisness) (48 Points)
18 March 2021I am buying an industrial land for my factory in GIDC Gujarat. for which i will have to pay transfer fees + gst.
can i take ITC of that GST.
Gst charged for transfer of land, or in case of any modification of land, plan approval. can i take that ITC.
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3516 Points)
Replied 18 March 2021
No. you can not claim. ITC is not available on works contract services when supplied for construction of an immovable property except plant and machinery.
Aggarwal K L
(Buisness)
(48 Points)
Replied 18 March 2021
Yes, i cannot claim ITC on work contract on construction.
But GST charged by Gujarat Industrial Development Corporation (GIDC) on transfer of land.
means GST on Land purchase charges.
Can i claim that GST?
chethan data
(298 Points)
Replied 18 March 2021
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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