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deductions
can I deduct municipal tax in rental income to pay gst
Replies (9)
No
if there is any notifications sir
GST is charged over gross receipts, no need of any notification. There is deduction under income tax act, not gst.
tq sir
Welcome, Dear .......
sir but deduction available in service tax law
Yes, Under the erstwhile Service tax law, Notification No. 29/2012-ST provided exemption to the taxable service of renting an immoval property from so much of service tax leviable thereon u/s 66B, as in excess of service tax calculated on the value which is equivalent to the gross amount charged for renting less the taxes on such property, viz. property tax levied and collected by local bodies.
But there is no such notification under GST regime, except nil gst over residential rent.....
But not available in GST
Not available as per section 15(2)(a)
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