Itc credit of gst for differenct nature of activity.

Dear Sir\Madam,

My client is a Builder following new scheme of 5% GST without ITC. but he also do other activities like providing accounting consultancy, Rental income on lease of property and other charges levied such as parking etc.

My query is that can i set off my ITC available against the activities other than selling of flats.

Kindly do the needful.

Thanking You.

 

Replies (1)
Yes you could set off the ITC if that input is used specifically for other than builder service, however if it is common ITC i.e the ITC is used for both builder and other services, then you have to first reverse the proportionate ITC and could set off against other than builder services.

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