i am paying GST for renting an immovable property. I have an elevator in my building and for which i pay AMC with GST. Can I claim ITC? if yes---where? is it in GST3B?please suggest
Section 16 of the CGST Act disallows input tax credit (ITC) on goods and services not intended to be used “in the course of business” or “for furtherance of business”.
In other words if GST paid on procurement of goods or services for further supply of goods or service in your business than ITC on GST paid shall be availed.
Example;- If GST on Rent paid for business office place shall be Claim as ITC by registered taxpayer.
As per above prescribed rule, if service is for furtherance of business, than ITC paid on AMC can be claimed.
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