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Coworking Space Tax Benefits — ITC and Deductions Explained
Quick Answer: Yes, coworking space fees are fully tax-deductible as a business expense. GST paid on coworking is claimable as Input Tax Credit (ITC) if you are GST registered. A ₹10,000/month coworking bill effectively costs ₹8,475/month after 18% GST ITC recovery.
Coworking fees attract 18% GST. If your business is GST-registered, you can claim this 18% GST as Input Tax Credit (ITC) — meaning it offsets your GST liability or reduces your tax payable. Additionally, the entire coworking expense (including GST portion if not claiming ITC) is deductible as business expense under IT Act.