Input Tax Credit for Leasing if Commercial Property

[Raunak Bhandari]

I have lease out commercial office spaces on rent and I’m collection 18% gst on the same. Can you please let me know if I can claim input tax credit for this supply?

AI Summary

Claim ITC on GST for Leasing Commercial Offices: Section 16 CGST Act Allows ITC on Maintenance Expenses A user inquired about claiming input tax credit (ITC) on GST collected from leasing commercial office spaces. Responses confirmed eligibility for ITC on maintenance expenses related to the commercial property. One expert referenced Section 16 of the CGST Act, 2017, stating that registered persons can claim ITC on goods or services used in business activities, including renting commercial properties. The consensus among respondents was that the leasing activity qualifies as a business under the CGST Act, thus allowing the claimant to avail ITC for related goods or services.