Become a Certified GST Practitioner in just 58 hours. Register Now!

Input credit under gst on renting of commercial property

Ravi (Student) (30 Points)

17 August 2017

Dear Sir/Madam,

I Have one doubt regarding GST of Rent on Commercial Building, I`m Carrying Restuarant business and paying GST @ 18% under Reverse Charge Mechanism. Can claim it under Input under GST because iam paying it.

Thanks In Advance

Reply
Follow
Share

3 Replies

Debashish Sarkar (Commercial Manager) (220 Points)
Replied 17 August 2017

Yes, you are eligible for ITC on Tax paid on Rent under RCM

Upgrade to CAclubindia Pro. Subscribe Now!

CA. Animesh Kumar Jain (ACA DISA (ICAI) B.Com) (226 Points)
Replied 17 August 2017

Dear Ravi,

Since You are Paying GST Under RCM, You are Eligible for the Credit, because Rent Services are not in Negative Category (Non Credit) List.

Also Remember it should be (Rent Services-on which GST under RCM paid) wholly used for Business Purposes.

sweety Sharma (328 Points)
Replied 17 August 2017

I am pleased to announce you that my featured online store has opened with the new Designer Collections.
You can Check now on www.sweetysharma.com

https://www.facebook.com/SweetySharmaOfficial/