Party X has taken Land on lease and paying Lease rent for Land
and has built commercial property and getting Rental Income.
from 01.10.2024 the GST has to be paid on rent payment under RCM
1) can the party claim ITC on the GST paid under RCM for Land lease against the GST payable on Rent received from commercial property built on Land.
2) Can the party claim ITC on the GST paid for Building Maintenance like DG set AMC, LIFT AMC and Vallet Parking Equipment AMC and Security Charges(RCM).
Request your goodselves for clarification
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