Input tax credit eligibility on renting commercial property ...

Tax credit on rent disallowed - sub judice. Reverse charge on freight inadmissible under Sec 98(2). Input/output set-off query outside Sec 97(2).

Case Laws GST

July 10, 2024

Input tax credit eligibility on renting commercial property deemed inadmissible as the matter is sub judice before the Supreme Court. Applicability of reverse charge mechanism on inward freight held inadmissible due to the issue already decided in prior proceedings, invoking Section 98(2) proviso of CGST Act. Query regarding setting off input and output tax for multiple businesses under same GST number held outside Section 97(2) purview, hence cannot be answered by the Authority.

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Input tax credit eligibility on renting commercial property ...

Tax credit on rent disallowed - sub judice. Reverse charge on freight inadmissible under Sec 98(2). Input/output set-off query outside Sec 97(2).

Case Laws GST

July 10, 2024

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