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ITC availability, Goods and Services Tax - GST |
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ITC availability |
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Suppose an employer of a company provides residential facility to it employees under a contractual obligation... now for this the employer takes a house property on rent from URD. Question arises whether the transaction between the company & the URD is liable to RCM...?? If yes , will the benefit of ITC be available to company.....???? Posts / Replies Showing Replies 1 to 5 of 5 Records Page: 1
Renting of residential house is exempted from GST. Hence no question of RCM and ITC.
Renting of house for residential purpose is exempt from GST. Hence the company taking house property from URD is not liable to GST.
Gst is not applicable on renting of residential houses
Moreover transactions between employer and employee is not liable for tax.
Agree with view of experts. Since it is exempted supply, will not attract tax under RCM. Page: 1 Old Query - New Comments are closed. |
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