output of GST on rent
This query is : Resolved
02 July 2017
i am registered and getting rent in individual name and selling , purchasing goods in firm name. can i set up GSt output of rent to gst input of goods
CA Anuj Agrawal
(Expert)
02 July 2017
Services by way of renting of residential dwelling for use as residence is exempt...
CA Anuj Agrawal
(Expert)
03 July 2017
Brother, If you are getting it rental income and you say it is for business purposes, then you have to check limits for reg as per sec 22 & 24 and if you do not fall into it then no output tax and no ITc..
Dhirajlal Rambhia
(Expert)
16 October 2021
Yes allowed provided GSTIN is same.
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