ITC on exempt services
This query is : Resolved
28 January 2020
Company is engaged in letting out of commercial properties as well as having shares as investment. Now the query is:
Whether ITC received on management fees paid to Asset Management Company( Management fees related to trading in shares) be availed against Output on rent.
Whether ITC received on management fees paid to Asset Management Company( Management fees related to trading in shares) be availed against Output on rent.
28 January 2020
Trading in shares is exempt from GST hence ITC can't be availed for such service.
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