Menu
gst on rent paid
if a restauraunt paid to rent for building used to land lord then at which rate gst is payble
Replies (5)
18% GST, with ITC
18% with full ITC as its not specifically mentioned anywhere in the exhaustive list issued by CBEC . It will be covered in the residual services
Dear sir, if restaurraunt taking benifit of composition scheme can also avail ITC on rent paid
No in case of Composition scheme there will be no ITC.
That is the major drawback of composition scheme. So, it is advisable to evaluate its consequences before adopting the scheme. (Confirmed: No ITC under composition.)
Recent Topic
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
Related Topics
CAclubindia
