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Itc on lease rent paid to noida devlopement authority

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(Querist)
19 June 2019 We have company and paid one time lease rent to noida development authority against immovable property and authority has charges GST on such lease rent, my questioned is that we eligible to take credit on such GST paid.

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CA Anita Bhadra

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CA Anita Bhadra (Expert)
19 June 2019 You are eligible
There is no bar on ITC for lease rent under any section of GST Act
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Anwar Khan

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Anwar Khan (Querist)
19 June 2019 Thanks for your valuable reply ,
We Have paid one time Lease rent for 99 Year , whether we will take credit one way or instalment basis



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CA Anita Bhadra

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CA Anita Bhadra (Expert)
20 June 2019 ITC should be on payment basis , you will take credit one way .

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