GST paid on the rent under RCM, does it eligible to take ITC ?
GST paid on the rent under RCM, does it eligible to take ITC ?
RameshBabu Kari
Can ITC be claimed on GST paid under RCM for rented office space if the landlord is unregistered? A discussion on a forum addresses whether GST paid on rent under the Reverse Charge Mechanism (RCM) is eligible for Input Tax Credit (ITC). One participant states that if renting a building is an input service for a taxable output service, the credit can be availed. Another participant, whose company operates in information technology from a rented office, inquires if GST paid under RCM can be claimed as ITC, given the landlord is unregistered. Responses confirm that ITC is available if the transaction occurs within the same state. (AI Summary)