ITC ELIGIBLE ON LEASE RENT
This query is : Resolved
03 December 2021
We have paid the amount of Rs.3,6854543.00 to Noida Authority on account of one time lease rent for commercial land, we also paid the amount of Rs.3316910 as CGST & Rs.3316910 as SGST.
Weather we are eligible to avail ITC of GST paid on payment of lease rent ?
Weather we are eligible to avail ITC of GST paid on payment of lease rent ?
03 December 2021
You can take ITC on rent paid.
03 December 2021
What is your outward supply? Taking of ITC depends a lot on the nature of outward supply
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