ITC APPLICABLITY ON RENTAL BUSINESS

265 views
User Avatar

self employed
26 Points Posted on 21 September 2020
we are provide rental offices to comapnies with all furniture and fixtures,

and time to time we modify offices as required by customers so can we take
ITC on like Air conditioner/electrical goods/hardware.
0 Reply Share Follow
On 21 September 2020 at 16:37 Report
Replies (6)
Quick Summary
This discussion clarifies that businesses providing rental offices can indeed claim Input Tax Credit (ITC) on items like air conditioners, electrical goods, and hardware. Provided these purchases are made in furtherance of the business and meet standard GST requirements, such as having the invoice in your name and GSTIN, the ITC is claimable.

User Avatar

Practice
3235 Points Posted on 21 September 2020
Yes you can take ITC of the Item you mentioned...,
1 Reply
On 21 September 2020 at 17:05
User Avatar

Tax and Business Consultant
11616 Points Posted on 21 September 2020
Yes, you can take ITC of same as it's in furtherance of your business subject to Section 16 i.e Purchase invoice on your name, your GSTIN mentioned on it ect..
1 Reply
On 21 September 2020 at 17:08
User Avatar

"Do the Right Thing...!!!"
128157 Points Posted on 21 September 2020
@ Mr Ketan Singh.,

Yes... You can avail the input tax credit.
1 Reply
On 21 September 2020 at 17:41
User Avatar

self employed
26 Points Posted on 21 September 2020
Thank to all
Reply
On 21 September 2020 at 20:50
User Avatar

CA | GST | Refunds | Advisory | Litigati
1463 Points Posted on 21 September 2020
You can claim ITC of any inward supplies made in furtherance of business.
So you may claim the ITC of those said Inward supplies.

For further clarification contact CA SACHIN M JAIN
Mobile : 8097515447
WhatsApp : tinyurl.com/wCASMJ
Email : casachinmjain @ gmail.com
LinkedIn : tinyurl.com/LCASMJ
YouTube : tinyurl.com/YCASMJ
Twitter : tinyurl.com/TCASMJ
Reply
On 21 September 2020 at 21:17
User Avatar

Tax and Business Consultant
11616 Points Posted on 21 September 2020
@ CA Sachin Jain ji
You can add Facebook and Instagram ID also in this long list, you are posting with every reply.....😂
Reply
On 21 September 2020 at 22:47

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Capital gains incidence due to bonus shares
  2. Amendment of Object Clause of Memorandum
  3. How Can I Request a Refund for an Accidental Airte
  4. TDS on salary paid in cash
  5. YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
  6. Last Date To Fill ITR For Non-Audit Case
  7. Guidance Required on Filing Fresh Registration und
  8. IT Return Refund Status AY 2026-27
  9. Clarification Regarding Income Tax Demand Notice
  10. Online PAN Download: Check How?

More recent discussions | Post

Related Topics :

Loading