20 June 2017
I am having rental income in my individual name of a commercial property rented to a bank. And also I am having a proprietorship firm in trading of fabrics.Can I use my credit balance of gst in my trading business tonset off the liability of gst payable for rent income?1. Pan is same as the individual is acting as proprietor of firm.2. No nexus between both the business as one is rental other is trading of fabrics.3. As activity are different there is no furtherance of business.4. Place of rental added as place of business under GST within same state and what if in other state.