commercial building given on rent
what is gst rate?
can i avail ITC on expenditure incurred in respect of maintenance of building such as paint
4 Replies
Kesavaraj S
(578 Points)
Replied 07 April 2022
GST rate for Rent is 18% and you can't claim ITC on Building maintenance because you claim depreciation for Building
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 08 April 2022
For revenue expenditure you can claim ITC
sabyasachi mukherjee
(27574 Points)
Replied 10 April 2022
Building maintenance is a revenue expenditure. The gst act has made such ammendment the building used for commercial purposes. invoice must be generated.
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