I run a business incorporated as a Partnership, the main business being commercial property rental. On acquiring the property I have to pay the developers a 12% GST, if the property is being acquired before occupancy certificate is received. I have prebooked a underconstruction property as an investment which I hope to rent in the future.
Post occupancy, the tenant will be paying GST on my behalf. Can I claim the GST paid to the developer as an input credit and seek refund?
CAclubindia
