pratik jain (4 Points)
26 April 2018I am a partner who owns a property where i conduct my daily partnership business activity. the property is reg. under my (individual) name.
I recived a maintainance charges bill for the property, so can i aavail the ITC in the firm name
Please advise with the appropriate section
No rent is paid
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 26 April 2018
First, you have to be in possession of tax invoice in your firm's name to avail ITC---Refer section 16(2) of CGST Act. Afterwards we will check futher eligibility condition.
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