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GST Input Credit, Goods and Services Tax - GST

Issue Id: - 116831
Dated: 4-11-2020
By:- Ethirajan Parthasarathy
GST Input Credit

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A person is registered for GST for payment of tax on rent from commercial property. Subsequently, he diversifies into manufacturing activity. While setting up new business unit, he receives tax invoice for supply of plant & machinery etc., and ITC on the same is duly reflected in his GSTR – 2A. Can he set off this ITC against GST payable on rental income before starting the actual manufacturing.

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Showing Replies 1 to 2 of 2 Records

1 Dated: 4-11-2020

In my view, 'yes'. You are entitled to use the credit.There is no one to one correlation. ITC earned on goods can be used towards supply of service and vice versa.

2 Dated: 10-11-2020
By:- Ganeshan Kalyani

I agree with the views of Sri Kasturi Sir. The input /capital goods are used in course or furtherance of business and one to one co-relation is not required. Hence, credit can be taken.


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