ITC availability on GST paid on brokerage

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127 Points Posted on 03 September 2020
we are renting a shop through a broker for which he is charging 1 month rent as commission on which he is also charging GST, My query is can we take ITC on the GST paid to the broker
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On 03 September 2020 at 23:52 Report
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Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) can be claimed on GST paid for brokerage services. The consensus is yes, provided you are registered under GST and are charging GST on your own rental income. This allows you to offset the GST paid on the broker's commission against your output tax liability.

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T
405 Points Posted on 04 September 2020
Yes also confirm with others
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On 04 September 2020 at 19:53
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Tax and Business Consultant
11616 Points Posted on 06 September 2020
Yes, if you are registered under GST and charging GST on rent bill (output) than you can also claim ITC on commission expenses (input).
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On 06 September 2020 at 10:40

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