I got a house constructed for my parents. I have source the raw materials on own. I have the GST paid for all these materials. Can I get a tax deduction for the GST I paid for raw materials during construction? For example if my tax liability is 1lac from salary and have paid 20k as GST for construction, can I claim it to bring my tax liability to 80k?
Tax deductions on house construction may include interest on home loans, principal repayment under Section 80C, and additional deductions under Section 80EEA for first-time homebuyers in India.
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Hey @Santosh,
No, GST is a type of indirect tax you pay while the tax on your salary is direct tax. You can’t claim GST to reduce your tax liability on salary.
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