ITC on Construction of Immovable Property: Section 17(5) of GST Act Explained - Taxscan

The Goods and Services Tax (GST) regime in India was introduced to unify indirect taxation and facilitate seamless credit flow across the supply chain. However, Section 17(5) of the Central Goods and Services Tax (CGST) Act, 2017 carves out specific exceptions to Input Tax Credit (ITC), particularly in relation to the construction of immovable property. This provision has emerged as a critical poi…