Eligibilty of ITC
This query is : Resolved
V Ishu Hegde
(Querist)
10 January 2023
A a Housing Society is levied property tax by the municipal authorities which is exempt from gst.
The Housing society collects the property tax exempt from gst from the members in it maintenance bills which includes other services which is taxed to gst.
The Housing society receives services from vendors on which gst is charged .
Whether the input credited recd is to be proportionately taken to be ineligible on the proportion of property tax charged in the bill to the total amt of maintenance charges in the bill?
The Housing society collects the property tax exempt from gst from the members in it maintenance bills which includes other services which is taxed to gst.
The Housing society receives services from vendors on which gst is charged .
Whether the input credited recd is to be proportionately taken to be ineligible on the proportion of property tax charged in the bill to the total amt of maintenance charges in the bill?
10 January 2023
On the Facts provided I think you will be eligible for proportionate ITC and you can take the help of Rule 42 & 43 of CGST Act for the same
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