Gst on rent
This query is : Open
20 August 2017
my family has rented properties, in name of all members, now 2 qualify for 20 lakh limit also, my question is can they adjust GST paid for what all items or products, like if i hire a taxi to collect the rent, or eat in resturant when visiting the premises, or contesting a legal court case on the property then the fees paid to lawyers, court fees, typing fees, etc, similarly many other expenses
CA Rashmi Gandhi
(Expert)
20 August 2017
REFER SEC 17 OF CGST ACT IN THIS REAGARD.
CA Rashmi Gandhi
(Expert)
20 August 2017
Also no ITC available for food,beverages,motor vehicle, immovable property,things used for personal consumption
CA Rashmi Gandhi
(Expert)
20 August 2017
ITC available for such expenses only if these are made for furtherance of business.
01 September 2017
THANKS A LOT FOR YOUR GUIDANCE, ONE MORE QUESTION AS THERE IS ONLY ONE BILL PER MONTH , SO WHEN AND HOW WE FILE THE RETURN
CA Rashmi Gandhi
(Expert)
01 September 2017
File before due date.......
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Reward for festival
- TDS Return Statement Status
- Capital gain on commercial property and investment in residential property
- RCM and same line
- Appointment of Auditor By Form ADT-1
- Rent agreement of House of deceased person
- Closer of business and itc of capital goods
- Import of Capital Machine
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
