Itc on lease rent paid to noida devlopement authority
This query is : Resolved
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.
19 June 2019
You are eligible
There is no bar on ITC for lease rent under any section of GST Act
There is no bar on ITC for lease rent under any section of GST Act
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
We Have paid one time Lease rent for 99 Year , whether we will take credit one way or instalment basis
20 June 2019
ITC should be on payment basis , you will take credit one way .
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