Impact of Property Tax on GST on Rent

Pramod (student) (56 Points)

20 June 2018

Can property tax be allowed as an exemption from gst while computing gst on rent?

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R. B. Yadav (CMA, LLB) (Tax Consultant) (590 Points)
Replied 20 June 2018

no such exemption.
value of supply shall include property rax

1 Like

Vinod Babu (24196 Points)
Replied 20 June 2018

Yes.. Agree with Mr Rajbir

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KARTHICK (Student) (35 Points)
Replied 20 June 2018

whether input credit allowed for property tax paid

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 20 June 2018

As per section 15 CGST Act , property tax will inlude in rent & Gst will charge on same

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R. B. Yadav (CMA, LLB) (Tax Consultant) (590 Points)
Replied 20 June 2018

where would you like to take credit. I mean under which act.

KARTHICK (Student) (35 Points)
Replied 20 June 2018

Gst sir

R. B. Yadav (CMA, LLB) (Tax Consultant) (590 Points)
Replied 20 June 2018

are u asking about credit of gst paid on the amount of property tax or credit of property tax paid to municipal corporation.

KARTHICK (Student) (35 Points)
Replied 20 June 2018

credit of property tax paid to municipal corporation

R. B. Yadav (CMA, LLB) (Tax Consultant) (590 Points)
Replied 22 June 2018

No way to get input credit of municipal tax/property tax

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