Respected Forum,
Please clear my query:
Our unit having four different locations and all are registered under GST.
WE are in the process to set up new factory in the same name and will purchase land after 01.07.2017. We will pay commission to property dealer for the purchase of land and property dealer will charge GST on the amount of commission.
Can we take the credit of GST ?
Can GST Credit Be Claimed on Commission for Land Purchase for New Factory Setup? A query was raised regarding the eligibility to claim GST credit on the commission paid to a property dealer for purchasing land intended for a new factory setup. The unit, which operates at four different registered locations under GST, plans to acquire land post-July 1, 2017. The question seeks clarification on whether the GST charged on the commission by the property dealer can be claimed as input tax credit under the current GST regulations. (AI Summary)