Input Tax Credit on GST paid
This query is : Resolved
05 June 2024
Hi Fellow members,
We have taken a property located in UP is taken on rent @ 65,000. The owner has GST registered in Patna. We are paying rent after deducting IGST @18% and are submitting Form 26QC regularly. Can we claim input tax credit on the GST paid?
We have taken a property located in UP is taken on rent @ 65,000. The owner has GST registered in Patna. We are paying rent after deducting IGST @18% and are submitting Form 26QC regularly. Can we claim input tax credit on the GST paid?
05 June 2024
What for the property is used.
You will be deducting TDS and filing form 26QC and paying 18% GST.
Confirm this.
You will be deducting TDS and filing form 26QC and paying 18% GST.
Confirm this.
06 June 2024
The property is used for manufacturing parts. We are already filing Form-26QR. My CA is saying that we cant claim input credit on GST paid on rent. Whereas my learned friends told me that input credit can be claimed. I want to confirm.
06 June 2024
ITC on rent paid for property used for commercial activities can be claimed.
ITC can be claimed only if the property is a commercial property or used for commercial purposes.
ITC can be claimed only if the property is a commercial property or used for commercial purposes.
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