ITC on purchase of lift for residential unit and can use and set off against renting of immovable property ?
Query (Issue) Started By: – RameshBabu Kari Dated:- 20-7-2017 Last Reply Date:- 27-2-2018 Goods and Services Tax – GST
Got 5 Replies
GST
Dear Experts,
\nCan we avail ITC on purchase of lift for residential unit and also can we utilise this ITC against rental of immovable property services ?
\nReply By Rajagopalan Ranganathan:
\nThe Reply:
\nSir,
\nAs per Sl. No. 12 of Notification No. 12\/2017- Central Tax (Rate) dated 26.6.2017 "Services by way of renting of residential dwelling for use as residence" is unconditionally chargeable to 'nil' rate of GST. Hence you cannot avail credit of GST paid on lift install<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" ITC on purchase of lift for residential unit and can use and set off against renting of immovable property ? Query (Issue) Started By: – RameshBabu Kari Dated:- 20-7-2017 Last Reply Date:- 27-2-2018 Goods and Services Tax – GSTGot 5 RepliesGSTDear Experts, Can we avail ITC on purchase of lift for residential unit and also … Continue reading “ITC on purchase of lift for residential unit and can use and set off against renting of immovable property ?”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-6277","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/6277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6277"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/6277\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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