Dear Collegues,
Can i take the ITC on Lease of Commercial property ?
Yes...
But, Elaborate Your query with details....
7 Replies
amlu___ 002
(CA Article Trainee)
(84 Points)
Replied 19 February 2020
Detailing:
As my client had purchased a leased commerical place for office purpose which is leased for 30 Years and the supplier of service has raised a GST invoice and uploaded in GSTIN, Whether ITC available on leased commercial property can be taken or not?
As my client had purchased a leased commerical place for office purpose which is leased for 30 Years and the supplier of service has raised a GST invoice and uploaded in GSTIN, Whether ITC available on leased commercial property can be taken or not?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 19 February 2020
Yes... You can claim that ITC.
amlu___ 002
(CA Article Trainee)
(84 Points)
Replied 19 February 2020
Well the selling party is written " Sale of Leased Property in Product descripttion.
As this ITC is covered under Section 17(5) of GST.
On which GST is not applicable after completion certificate receving, In my case it is a completed as well as receiving of completion certificate.
In that case also we can claim ITC?
As this ITC is covered under Section 17(5) of GST.
On which GST is not applicable after completion certificate receving, In my case it is a completed as well as receiving of completion certificate.
In that case also we can claim ITC?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 19 February 2020
Ohhh God...
Dont be confuse...
Are You taking it lease or own..?
Dont be confuse...
Are You taking it lease or own..?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 19 February 2020
How is Your leased invoice from Party...?
Why You discuss the completion certificate for not related to You...?
Why You discuss the completion certificate for not related to You...?
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