ITC on purchase of lift for residential unit and can use and set off against renting of immovable property ?

[RameshBabu Kari]

Dear Experts,

Can we avail ITC on purchase of lift for residential unit and also can we utilise this ITC against rental of immovable property services ?

AI Summary

ITC Not Claimable on Lifts for Residential Use Against Rental Services Under GST, Per Notification No. 12/2017. A query was raised about whether Input Tax Credit (ITC) can be claimed on the purchase of a lift for a residential unit and utilized against the rental of immovable property services under GST. Experts responded that ITC cannot be availed in this scenario because services related to renting residential dwellings are exempt from GST as per Notification No. 12/2017. Additionally, even if the service was not exempt, ITC on lifts installed in immovable properties typically cannot be used for taxable services. The discussion highlighted that ITC is not applicable for construction-related inputs in such cases.