ITC CREDIT ON RENT PAID FOR FACTORY

ITC / Input 1123 views 7 replies
will be paying rent on factory with gst

can I avail the itc credit for the gst paid on rent
pls advise
Replies (7)
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.
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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