dear experts,
m regd in GST as traders.
also m earning rent from commercial property.
now I have ITC balance in credit ledger that related to my trading business bcz the sale is low in this month.
but I have output liability on rent income.
so now can I adjust the balance ITC against GST payable on rent...?
Menu
gst itc of goods against service
Replies (2)
There is no restriction in GST for adjusting the credit accumulated in trading towards services or vice versa. The balance at GST is remaining unadjusted maybe paid in cash.
Yes you can adjust there is no restrictions
Recent Threads
- What's CGAS?
- A Comprehensive Guide to Modern Digital Marketing
- Income tax status
- Demand raised for 'Self assessment tax' amount AY2
- TDS payment using Form 26QB when buying property o
- Export sales not realised payment not received fro
- RCM related queries
- Negative Export Value in GSTR 3B
- Income tax intimation -AY 24-25
- Tax Implications of Alumni Union (R) under Society
Related Threads
CAclubindia
