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TMI Bloggst on house rentX X X X Extracts X X X X X X X X Extracts X X X X ..... our company provide house to some employee and pay rent monthly by company total 4 house rent amount is 35000/- in this case gst is applicable or not - Reply By HimansuSekhar Sha - The Reply = Renting of immovable property for residential purpose no gst. - Reply By Ganeshan Kalyani - The Reply = No GST is applicable. - Reply By KASTURI SETHI - The Reply = I support the views of both expert ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s. Exempted from GST vide Notification No.12/17-Central Tax (Rate) dated 28.6.17 (Serial No.14). Read the conditions laid down. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Yes, it is exempted. - Reply By KASTURI SETHI - The Reply = Sh.M.Govindarajan Sir, I have observed that your contribution towards Article Section is much more as compared to replies to queries (Iss ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ue ID). It is a matter of interest. Kindly increase ratio of your replies to queries in issue ID Section. Your approval or disapproval in respect of replies posted makes the concept very much clear not only to all the visitors but experts also. Thanks. K.L.SETHI - Reply By CA BIJENDER KUMAR BANSAL - The Reply = Sir, below is serial no. 14, that is basically related to guest house, hotel wh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ich are giving for accommodation on day basis. As per my view , above query should not be covered by it. 14 Heading 9963 Services by a hotel, inn, guest house, club or campsite, by whatever name called, for residential or lodging purposes, having declared tariff of a unit of accommodation below one thousand rupees per day or equivalent. Nil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Nil Basically there is serial no. 12 as below :- 12 Heading 9963 or Heading 9972 Services by way of renting of residential dwelling for use as residence. Nil Nil Please correct me if i am wrong. CA Gorav Goyal - Reply By subramanian vijayakumar - The Reply = Yes it is for residential purpose no gst expe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rts pl see that the company. Is providing facilities of accomadation for employees for this expenses he cannot. Avail itc am l correct experts pl - Reply By KASTURI SETHI - The Reply = Dear Sir, You are absolutely right. Sh. Goyal CA is requested to read the language, by what ever name called . - Reply By CA BIJENDER KUMAR BANSAL - The Reply = Kasturi Ji, Then what type of services wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ll be covered under serial No. 12. ? Actually Serial No. 14 :- there charges are on per day basis. and for employees accommodation guest house or house will be taken on monthly rent. please clarify why it should not be covered under serial no. 12 - Reply By KASTURI SETHI - The Reply = Difference between Serial No.12 and 14 of Notification No.12/17-Central Tax Rate dated 28.6.17. Serial ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... No.12 is meant for non-commercial and fully unconditional exemption. It is meant for those persons who cannot afford their own house. Therefore, Govt. does not want to levy GST on such persons as burden of GST will be on consumer ultimately. Serial No.14 is meant for commercial purpose only and exemption is conditional. Whether you call it house or guest house it makes no difference. These ac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... commodations are attached to company and company or factory is commercial. - Reply By Harshit Jain - The Reply = After reading the provisions and anlysing the nature of transaction i feel it can be interpretated in two ways: 1) Company is paying rent for residential use of Staff/Employee of its company, which (Rent) is part of its employment policy or is part of employment benefits or part of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... employee's Salary. Then the said rent paid by the company is not liable to levy of GST .{As rent paid by company are indirectly recovered from employee} 2) Company is paying rent for residential use of Staff/Employee of its company, which (Rent) is not part of its employment policy or is part of employment benefits or part of employee's Salary.and the company is claiming as expenditure ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in its profit and Loss A/c. which means the expenditure is done for Business (may be to retain the employee for long term or any other reason). Then the said rent should be liable to levy GST . Although it has not been specifically mentioned in Act but a logical interpretation can be made from the above case. Please give your views if your opinion is in favor/against to me. Regards: Harshit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Jain FCA - gst on house rent - Query Started By: - jayesh thacker Dated:- 24-7-2017 Goods and Services Tax - GST - Got 11 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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