https://www.taxtmi.com/forum/issue?id=114794 Whether ITC on goods or services used for construction of immovable property can be applied against GST on rental income is disputed. Section 17(5) excludes ITC where inputs are used for construction (other than plant and machinery) to the extent capitalised, and the treatment depends on capitalisation in books and on the timing of sale relative to completion/occupancy certificate. Views diverge on whether a single GST registration and common ITC pool permit set off, and a High Court decision reportedly allowed ITC when construction feeds directly into renting. en-us Mon, 25 Mar 2019 13:04:47 +0530 Thu, 23 Jan 2025 15:55:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114794 Whether ITC on goods or services used for construction of immovable property can be applied against GST on rental income is disputed. Section 17(5) excludes ITC where inputs are used for construction (other than plant and machinery) to the extent capitalised, and the treatment depends on capitalisation in books and on the timing of sale relative to completion/occupancy certificate. Views diverge on whether a single GST registration and common ITC pool permit set off, and a High Court decision reportedly allowed ITC when construction feeds directly into renting. Discussion-Forum GST Mon, 25 Mar 2019 13:04:47 +0530 https://www.taxtmi.com/forum/issue?id=114794