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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Gst on rent of building given on lease
Replies (4)
GST rate for Rent is 18% and you can't claim ITC on Building maintenance because you claim depreciation for Building
No itc on immovable property.
For revenue expenditure you can claim ITC
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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