- Construction of building falls under the category of works contract service and only person engaged in providing such services are eligible for availing ITC on works contracts services. Please call to discuss in length.
GST ITC on construction of immovable property
Hi, My firm is a partnership firm. The firm's business is to commercially rent property. Now in the course of business, Its constructing a property to give it on commercial rent. Can the firm claim input tax credit of the GST that has been charged on various products, services and work contracts by different vendors for construction of the property? The firm is already registered with GST. If not, is there any way out?
Asked 5 years ago in GST
Only the person engaged in the field of construction can claim it's ITC credit and since you are in the business of renting you can't claim ITC for such service.
Dear Sir,
Hope you are doing well !!
No, you can not claim the ITC as you are in the business of renting and not providing any construction services..
Dear Sir,
No, your firm can not claim input tax credit of the GST that has been charged on various products, services and work contracts by different vendors for construction of the property.
Hi
No, you cannot claim the ITC.
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