TaxTMI 
TaxTMI 
ITC on purchase of lift for residential unit and can use and set off against renting of immovable property ?
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....TC on purchase of lift for residential unit and can use and set off against renting of immovable property ?<br> Query (Issue) Started By: - RameshBabu Kari Dated:- 20-7-2017 Last Reply Date:- 27-2-2018 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>Dear Experts, Can we avail ITC on purchase of lift for residential unit and also can we utilise this ITC against rental of immovable property....
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.... services ? Reply By Rajagopalan Ranganathan: The Reply: Sir, As 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 installed in a residential unit. Reply By KASTURI SETHI: ....
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....The Reply: I support the views of Sh.Ranganathan Sir. When service is exempt from GST, no question of taking ITC. Reply By RameshBabu Kari: The Reply: Dear Experts, Thanks for your valuable reply Reply By vk agarwal: The Reply: In any case even if the residential unit was not exempted, credit of lift which is installed in a immoveable property would not have been allowed to be used even if t....
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....he immoveable property is being used to provide a taxable service. For example credit of input and input services used to construct a mall is not allowed to be taken and used to pay tax on rental services Reply By raveendra pallipamu: The Reply: If the lift used in the business premises for customers then the gst on lift is avalable for gst input tax credit?<br> Discussion Forum - Knowledge Sha....
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