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On what expenses a real estate company can take input

Chidvilas Batchu (Article student ) (31 Points)

10 January 2018

I am an article student, my client is an real estate company sales open plots as well as costructs residentials buildings as per customer requirement. So what i want know is on what type/kind of expenses we can claim gst.

1.Blasting work

2.Miller hire charges

3.Cement,bricks

4.Electrical works.

5.Plumbing

6.Painting..etc..

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sudip sharma (article) (734 Points)
Replied 10 January 2018

well if you read out sec 17(5) of CGST Act, no GST credit on construction works , but it practical scenario builder take credit and dept allows this .

your client is eligible to take credit of all of above if none of conditions mentioned below satisfied.
(1) the construction building is not single residential house
(2) the project is fall not pradhan mantri yojana or housing for all scheme .
(3) the building is sold before obtaining completion certificate..

if your client not eligible to book ITC ask him to charge from customer