TMI BlogApplicability of GST on rent recovery amount from EmployeesX X X X Extracts X X X X X X X X Extracts X X X X ..... Applicability of GST on rent recovery amount from Employees X X X X Extracts X X X X X X X X Extracts X X X X ..... finds you well. I seek your insights regarding the legal position concerning housing rent recovery from employee's salary in the following scenarios: 1. Company A (manufacturing entity) has ren ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted an entire apartment from a landlord and provides it to its different employees for accommodation. The rent amount is deducted from the employees' salaries without any markup charged by the com ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pany. What is the legal position on this situation? Should the employee raise an tax invoice for such recoveries, if so, at what rate of tax? Are there any necessary disclosures in the GST return that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... must be made, and if so, under which table should these disclosures appear? 2. In a variant scenario where the employer charges a markup (say as a service charge or facilitation charge) on the renta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l amount, how does this affect the legal stance and disclosures? Should there be a separate invoice to be raised for the mark up?
Regards.
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