Can GST to be paid on rent be adjusted be adjusted with Input Tax Credit
This query is : Resolved
07 December 2021
A proprietor of a GST Registered Firm is earning rental income from another commercial property. Can the person use the Input Tax Credit of the business to set off the Output GST on Rental Income ?
07 December 2021
Basically, ITC of different business verticals are not allowed to set off against each other.
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