ITC against Rental Income
HIRANANDANI and ASSOCIATES (Student CA Final ) (17 Points)
18 August 2017
Can ITC be claimed against the rental income ??
HIRANANDANI and ASSOCIATES (Student CA Final ) (17 Points)
18 August 2017
Gaurav Palta
(484 Points)
Replied 18 August 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160442 Points)
Replied 19 August 2017
Here in your case the rental income may not be your business...............
Secondly the itc can be availed only against output of same rental income, not for other cause !!
Sathish kumar
(Student)
(48 Points)
Replied 17 May 2018
Hi sir...
Im having two business under the same GSTIN. one is rental of immovable property and another is trading of FMCG.
Can i use the excess ITC (after setting off) of FMCG business with the GST payable on my rental income ?
kindly explain !! Thanks in advance..
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
