Gst on rent
This query is : Open
20 August 2017
my family has rented properties, in name of all members, now 2 qualify for 20 lakh limit also, my question is can they adjust GST paid for what all items or products, like if i hire a taxi to collect the rent, or eat in resturant when visiting the premises, or contesting a legal court case on the property then the fees paid to lawyers, court fees, typing fees, etc, similarly many other expenses
CA Rashmi Gandhi
(Expert)
20 August 2017
REFER SEC 17 OF CGST ACT IN THIS REAGARD.
CA Rashmi Gandhi
(Expert)
20 August 2017
Also no ITC available for food,beverages,motor vehicle, immovable property,things used for personal consumption
CA Rashmi Gandhi
(Expert)
20 August 2017
ITC available for such expenses only if these are made for furtherance of business.
01 September 2017
THANKS A LOT FOR YOUR GUIDANCE, ONE MORE QUESTION AS THERE IS ONLY ONE BILL PER MONTH , SO WHEN AND HOW WE FILE THE RETURN
CA Rashmi Gandhi
(Expert)
01 September 2017
File before due date.......
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