A property owner leasing out a property and paying monthly GST is asking if they can claim input tax credit for materials purchased for another property currently under construction. The advice given is that this is not eligible. Therefore, the input tax credit cannot be used to offset the GST payment for the leased property.
24 July 2023
Hello All. Pl let me know I have a property which is on leaseout. I know that I have to deposit GST every month. Can I claim input of material purchase for other property which is under construction. If yes I can adjust it in payment. Pl advise. Regards. Sanjay