Input gst on residential property
This query is : Resolved
02 January 2020
Dear sir,
Can client claim GST on residential property where the MD is staying in the property and GST number of company is provided on the invoice along with companies name?
Can client claim GST on residential property where the MD is staying in the property and GST number of company is provided on the invoice along with companies name?
02 January 2020
no.......gst input not available for the personal nature of expenditure.
02 January 2020
No GST is payable on renting of residential property. Thus, question of GST payment and ITC does not arise.
Residential property used by MD is for personal consumption of MD, and ITC is not available under Section Section 17(5)(g) of the CGST Act.
Residential property used by MD is for personal consumption of MD, and ITC is not available under Section Section 17(5)(g) of the CGST Act.
02 January 2020
GST is paid on maintenance charges, can the company claim GST on residential property maintenance
02 January 2020
what amount on avg of monthly maintenance bills.......input not allowed as personal nature of expenditure
actually gst should not be charged on the monthly maintenance bills upto a certain limit i.e upto 7500 per month
https://economictimes.indiatimes.com/news/economy/18-gst-on-flat-owners-paying-monthly-maintenance-of-over-rs-7500/articleshow/70334825.cms?from=mdr
actually gst should not be charged on the monthly maintenance bills upto a certain limit i.e upto 7500 per month
https://economictimes.indiatimes.com/news/economy/18-gst-on-flat-owners-paying-monthly-maintenance-of-over-rs-7500/articleshow/70334825.cms?from=mdr
03 January 2020
Dear sir,
Property is in the name of company. Directors are staying in the property. On the residential property the company is paying maintenance charges every half yearly. Whether the company can claim the INPUT GST on such maintenance charges?
Property is in the name of company. Directors are staying in the property. On the residential property the company is paying maintenance charges every half yearly. Whether the company can claim the INPUT GST on such maintenance charges?
03 January 2020
not available..........
03 January 2020
Dear sir,
Thanks for your precious time. Could you kindly tell me why? Is it because of personal nature?
Thanks for your precious time. Could you kindly tell me why? Is it because of personal nature?
03 January 2020
YES .........ITC AVAILABLE ONLY THOSE TRANSECTIONS WHICH ARE IN FURTHERANCE OF BUSINESS.
HOPE YOU UNDERSTAND
HOPE YOU UNDERSTAND
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