Gst on rent of building given on lease

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M
199 Points Joined December 2010
commercial building given on rent
what is gst rate?
can i avail ITC on expenditure incurred in respect of maintenance of building such as paint
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On 06 April 2022 at 22:56 Report
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582 Points Joined June 2018
GST rate for Rent is 18% and you can't claim ITC on Building maintenance because you claim depreciation for Building
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On 07 April 2022 at 04:42
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Tax consultant
552 Points Joined November 2020
No itc on immovable property.
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On 07 April 2022 at 10:16
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GST Consultant
15986 Points Joined March 2013

For revenue expenditure you can claim ITC

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On 08 April 2022 at 10:18
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28118 Points Joined May 2017
Building maintenance is a revenue expenditure. The gst act has made such ammendment the building used for commercial purposes. invoice must be generated.
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On 10 April 2022 at 07:36


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