Question ID :
41028
GST SET OFF IN CASE OF REAL ESTATE
CAN ONE PROJECT ITC BE SET OFF AGAINST ANOTHER PROJECT OUT PUT TAX LIABILITY UNDER GST.
Posted by
Sachin
on
Apr 20, 2021
Filed Under
GST
if both the projects are signal gst registration then it can be done.
Posted by
CA. JHA SHANKAR KUMAR on
Apr 25, 2021
Answer ID :
81074
YES, IT CAN BE ADJUSTED
Posted by
CA. SATISH CHAND GARG on
Apr 25, 2021
Answer ID :
81079
There is no bar in GST for utilization of Input Tax Credit based on projects. So one may be eligible to claim ITC.
Posted by
Pratik Kikani on
Apr 26, 2021
Answer ID :
81084
Yes, there is no restriction in this.
Posted by
SHUBHAM SONI on
Apr 27, 2021