ITC availability

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..... ITC availability
Query (Issue) Started By: - Chandni Tolani Dated:- 20-8-2017 Last Reply Date:- 21-8-2017 Goods and Services Tax - GST
Got 5 Replies
GST
Suppose an employer of a company p .....

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..... rovides 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 c .....

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..... ompany & the URD is liable to RCM...?? If yes , will the benefit of ITC be available to company.....???? Reply By KASTURI SETHI: The Reply: Renting of residential house is exempted from GST. Hence n .....

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..... o question of RCM and ITC. Reply By Ganeshan Kalyani: The Reply: Renting of house for residential purpose is exempt from GST. Hence the company taking house property from URD is not liable to GST. .....

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..... Reply By Himansu Sekhar: The Reply: Gst is not applicable on renting of residential houses Reply By Himansu Sekhar: The Reply: Moreover transactions between employer and employee is not liable for .....

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..... tax. Reply By RAMESH PRAJAPATI: The Reply: Agree with view of experts. Since it is exempted supply, will not attract tax under RCM.
Discussion Forum - Knowledge Sharing .....

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