Itc on gst on rent of land and building

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This query is : Resolved

Saurav Nayyar (Querist)
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28 June 2019 Sir,
We have given our factory on lease at Rs 3 lac pm in which Rs 2 Lac is for rent on land and building and Rs 1 Lac is for rent on plant and machinery. We receive Rs 54000 as GST (36000 +18000).
Question-
As we make new addition of machinery ,can we claim ITC on GST paid on new machine against GST paid on L&B or only GST of P&M can be adjusted ??

CA Ashwini Seeram

CA Ashwini Seeram (Expert)
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28 June 2019 There need not be any one to one matching for setting of ITC with the GST liability. The ITC availed on machinery can be used to pay liability of GST on L&B as well.

Saurav Nayyar

Saurav Nayyar (Querist)
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28 June 2019 Sir As we buy a machine for 2 Lac where we pay GST Rs 36000.Can we set off it against payment on GST of rent on L& B as well as rent on P&M as the mqchine have no relqtion with L&B

CA Ashwini Seeram

CA Ashwini Seeram (Expert)
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01 July 2019 Yes it can be set off.

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