https://www.taxtmi.com/caselaws?id=418579 The AAR, UP held that ITC on civil and interior works for commercial property construction is not admissible under Section 17(5) of CGST Act, 2017. The applicant sought to renovate office space for tenants and recover costs through rent with 10% profit over five years. However, clauses (c) and (d) of Section 17(5) restrict ITC for construction of immovable property on own account, except plant and machinery. Since construction expenses are capitalized in books, ITC on GST paid for civil and interior works at both Noida properties was denied. en-us Fri, 17 Dec 2021 00:00:00 +0530 Tue, 01 Apr 2025 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418579 The AAR, UP held that ITC on civil and interior works for commercial property construction is not admissible under Section 17(5) of CGST Act, 2017. The applicant sought to renovate office space for tenants and recover costs through rent with 10% profit over five years. However, clauses (c) and (d) of Section 17(5) restrict ITC for construction of immovable property on own account, except plant and machinery. Since construction expenses are capitalized in books, ITC on GST paid for civil and interior works at both Noida properties was denied. Case-Laws GST Fri, 17 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418579