TaxTMI 
TaxTMI 
Dear Sir
If i construct mall/shops and let out on rent @ 18% GST, then whether i am eligible to claim ITC on payment made to various work contractors for construction of building or any D.G set, A/C plant self purchased.
ITC claim on construction of mall
11 Nov 2019 
12 Replies 
3846 Views Asked by
Input tax credit restriction on construction of immovable property limits ITC for properties used for renting; seek clarity before claiming.
Input tax credit for construction costs and related capital items used in creating immovable property for rental is generally ineligible because the law restricts credit on construction of immovable property and renting does not create an exception; the matter is under higher court review and taxpayers are advised to seek advance rulings or avoid utilising claimed credit pending resolution. (AI Summary)
Input tax credit for construction costs and related capital items used in creating immovable property for rental is generally ineligible because the law restricts credit on construction of immovable property and renting does not create an exception; the matter is under higher court review and taxpayers are advised to seek advance rulings or avoid utilising claimed credit pending resolution. (AI Summary)