Buying a Residential property in the name of Pvt .Ltd.Commpany

This discussion explores the feasibility of purchasing residential property under a private limited company, intended for investment and use as a guest house. Key questions address whether this is permissible, the implications for GST input tax credit, and the advantages versus disadvantages compared to personal ownership. The advice suggests it's generally possible, but GST input credit is unlikely, and specific accounting standards and board resolutions are necessary if it becomes a company asset.