ITC eligible or not?

S.Prasanna (Financial consultant) (90 Points)

29 January 2022

GSTN reg organization earn only rental incomes only.That organization Eligible or ITC or Not Eligible.Plz reply anyone?

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CA Aakarsh Jain (CA) (10431 Points)
Replied 29 January 2022

If the business is renting of immovable property then the itc is eligible

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prasanna (N/A) (22 Points)
Replied 29 January 2022

Gud mor sir,Ok.Thank you Sir.Rental for stall purpose,Banner,Notice borad etc..Including residents welfare association or Excluding sir?

Nidhi (Chief Accountant) (3150 Points)
Replied 29 January 2022

If property is used for residential purpose that ITC not available, if used for Commercial purpose than available

CA Aakarsh Jain (CA) (10431 Points)
Replied 29 January 2022

Yaa right

sabyasachi mukherjee (27579 Points)
Replied 30 January 2022

STUDY THE CONDITIONS OF ITC
1. VALID TAX INVOICEk
2. USED IN THE COURSE OF BUSINESS
3. REGISTERED DEALER
RENTAL IS EXCLUDED FROM THE PURVIEW of GST.

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