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ITC on exempt services

This query is : Resolved 

28 January 2020 Company is engaged in letting out of commercial properties as well as having shares as investment. Now the query is:
Whether ITC received on management fees paid to Asset Management Company( Management fees related to trading in shares) be availed against Output on rent.

28 January 2020 Trading in shares is exempt from GST hence ITC can't be availed for such service.



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