Itc for gst paid on tenancy right premium
This query is : Resolved
Govind Mali
(Querist)
04 November 2018
can i claim input of GST paid for transfer of tenancy Right ( GST is charged to me by the outgoing tenant on amount of tenancy premium). i am running a retail shop on such transferred premises and have a GST registration as well.
CA. Vinodh Kothari
(Expert)
04 November 2018
Yes you can claim Input Tax Credit. Since the same is used for furtherance of Business.
VK
VK
CA Suresh Jain
(Expert)
07 November 2018
In addition to the reply of CA. Vinod Kothari, please note that for claiming ITC you need to have proper invoice issued as per GST rules.
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