ITC availability, Goods and Services Tax - GST

[Chandni Tolani]

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

[KASTURI SETHI]

Renting of residential house is exempted from GST. Hence no question of RCM and ITC.

[Ganeshan Kalyani]

Renting of house for residential purpose is exempt from GST. Hence the company taking house property from URD is not liable to GST.

[Himansu Sekhar]

Gst is not applicable on renting of residential houses

[Himansu Sekhar]

Moreover transactions between employer and employee is not liable for tax.

[RAMESH PRAJAPATI]

Agree with view of experts. Since it is exempted supply, will not attract tax under RCM.