Can Builder get input tax credit of input Goods and Services?

[CAHitesh Patel]

Please Help,

Can builder (construction of residential homes and complex) get input tax credit of input goods and services. ?? Please specify section or any description?

AI Summary

Builder's Input Tax Credit Eligibility: ITC Not Allowed on Residential Construction Unless for Further Supply Under Section 17(c) & (d) CGST Act. A builder inquiring about the eligibility for input tax credit (ITC) on goods and services used in constructing residential homes received three responses. The first response cites Section 17(c) and (d) of the CGST Act, 2017, indicating that ITC is generally not available for constructing immovable property unless it involves further supply of works contract services. The second response concurs, highlighting that builders can avail ITC if the construction is for further supply. The third response agrees with the second, affirming that builders can claim ITC for inputs and services if they are for further supply.