will be paying rent on factory with gst
can I avail the itc credit for the gst paid on rent
pls advise
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ITC CREDIT ON RENT PAID FOR FACTORY
Replies (7)
Quick Summary
Yes absolutely
Thank you
Yes you can claim ITC on GST paid towards your FACTORY RENT. As per the Provision of Section 16(1) of the CGST Act 2017, ITC on input, input services and Capital Goods used in the course of or furtherance of Business can be claimed, provided that all the "FOUR CONDITIONS" as laid down u/s 16(2) of the CGST Act 2017 has been satisfied.
Warm Regards.
Warm Regards.
Thank you
You can...
Sir what is the four condition as laid down 16(2) of the cgst act 2017?
4 conditions are - Original Invoice, Services received, Tax has been paid by supplier and return has been filed.
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