Assessee is eligible to take ITC of GST on brokerage services and adjust the same against GST liability on Renting of immovable property : AAR ,Assessee is eligible to take ITC of GST on brokerage services and adjust the same against output tax payable against Renting of immovable property.
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Assessee is eligible to take ITC of GST on brokerage services and adjust the same against GST liability on Renting of immovable property : AAR

Below is the extract of the ruling
In the subject case, the applicant has received an inward supply of real estate brokerage services for renting of property on a fee basis. Due to the services of Catalyst Consulting Chennai, the applicant was able to make an outward supply of renting of the property to Vantec Logistics India Private Limited. Hence, this inward supply was used in the course of the applicants business. This inward supply rendered by catalyst Consulting is not listed in any of the exceptions mentioned in Section 17(5) of CGST Act/ SGST Act for availing the input tax credit of CGST and SGST. Further, Section 16(2) states that input tax credit is available only if the registered person is in possession issued by registered supplier; a supply of the service has been received; tax has been paid by supplier to Government; the recipient (applicant) has filed returns; recipient has paid the supplier the amount within a period of 180 days. Section 16(4) states that the recipient(applicant) shall not be entitled to take input tax credit after the due date of furnishing return for September following the end of financial year or annual return whichever is earlier. Similarly, Section 17 and Section 18 impose certain conditions on availment of input tax credit. Therefore, the applicant eligible to take credit of the CGST & SGST charged by M/s. Catalyst Consulting in the Tax invoice No. C- 007 / 17-18 dated 20-Dec-17 raised on the applicant for real estate brokerage services for renting of property on a fee basis rendered by Catalyst Consulting, subject to the condition as per Section 16, 17 and 18 of CGST & SGST Act.
5. In view of the foregoing, we rule as under:

RULING

The applicant is eligible to take credit of the CGST & SGST charged by M/ s. Catalyst Consulting Chennai in the Tax invoice No. C-007 / 17-18 dated 20.12.2017 raised on the applicant for real estate brokerage services for renting of property on a fee basis rendered by Catalyst Consulting, subject to the conditions as per Section 16, 17 and 18 of CGST & SGST Act.

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