Dear Sir/Madam,
I Have one doubt regarding GST of Rent on Commercial Building, I`m Carrying Restuarant business and paying GST @ 18% under Reverse Charge Mechanism. Can claim it under Input under GST because iam paying it.
Thanks In Advance
Dear Sir/Madam,
I Have one doubt regarding GST of Rent on Commercial Building, I`m Carrying Restuarant business and paying GST @ 18% under Reverse Charge Mechanism. Can claim it under Input under GST because iam paying it.
Thanks In Advance
Yes, you are eligible for ITC on Tax paid on Rent under RCM
Dear Ravi,
Since You are Paying GST Under RCM, You are Eligible for the Credit, because Rent Services are not in Negative Category (Non Credit) List.
Also Remember it should be (Rent Services-on which GST under RCM paid) wholly used for Business Purposes.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
