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Gst on rental.
My annual Rental income is more tha twenty lakh per annum. And I have Gst Number for rental income. My query is that if I purchase Generator for my rental building, I can get input tax credit on gst paid during the purchase of Generator.
Replies (1)
Yes,
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GST should be properly charged in the invoice and reflected in your GSTR-2B.
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The generator should be used for taxable business activities; ITC cannot be claimed if used for personal or exempt supplies.
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