Question Detail

Can a businessman get input credit for GST paid, while purchasing an office?

By Karan Preet On Aug 17 2017 2:19AM


Answered by info@realtymedia.in

An office purchased by a businessman, will result into the purchase of an immovable property and this transaction is out of the purview of the GST and hence, GST shall not be levied. Therefore, the question of input credit doesn’t arise at all.

Aug 18 2017 1:27AM