gst on house rent
Query (Issue) Started By: – jayesh thacker Dated:- 24-7-2017 Last Reply Date:- 28-9-2017 Goods and Services Tax – GST
Got 11 Replies
GST
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 experts. 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.
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
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
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 experts 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, &qu
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
timately.
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 accommodations 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 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 r
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =