ITC eligibility on houseboat

[HIMANSHU BHUSHAN]

Dear users, I want to ask whether houseboat would be considered as movvable or immovable under GST? Because in case it is consdiered as immovable, ineligibility of ITC under Section 17(5)(c) and (d) relating to works contract and construction of immovable property may get attracted.

Thanks in advance

AI Summary

Debate on ITC Eligibility for Houseboats: Movable or Immovable Property Under GST? Section 17(5) in Focus. The forum discusses the eligibility of Input Tax Credit (ITC) for houseboats under the Goods and Services Tax (GST) framework, questioning whether houseboats are considered movable or immovable property. Participants argue that houseboats are movable, as they are not permanently affixed to the earth, thus not falling under the immovable property category, which would restrict ITC eligibility under Section 17(5) of the CGST Act. References are made to legal definitions and a CBIC circular, supporting the view that houseboats should be classified as movable, allowing ITC claims. Comparisons with European VAT rulings are also mentioned but deemed contextually different.