GST INPUT ON COMMERCIAL PROPERTY PURCHASE FOR LET OUT

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  1. Jakkireddy

    Jakkireddy New Member

    HI

    WE OWN A COMMERCIAL PROPERTY ON OUR COMPANY NAME AND WE HAVE PAID 12% GST DURING THE PURCHASE OF THE PROPERTY AS IT IS STILL UNDER CONSTRUCTION AND COMES UNDER WORKS CONTRACT.

    CAN I ADJUST THE GST WHICH I WILL BE RECEIVING FROM THE TENANTS AGAINST THE GST I AHD PAID DURING THE PURCHASE OF THIS COMMERCIAL PROPERTY?
     
  2. input credit for GST paid for buying commercial property is not available as same will be covered under work contract.
     
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