Respected sir,
We let out a building of hospital, our turn over total is more than 5 crore in which 2.5 crore is exempt in Gst can I take ITC on audit fees on ratio of turnover basis
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ITC ON RENT OF A HOSPITAL BUILDING
Replies (2)
yes..follow rule 42
yes has to refer rule 42 , But can be calculate as below :
ITC to Avail =ITC X Taxable supply /total supply (Exempted + Taxable)
ITC to Avail =ITC X Taxable supply /total supply (Exempted + Taxable)
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