Furtherance of business

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880 Points Posted on 23 November 2022
we have paid rent for employee residential flat and paying gst RCM.

On this gst RCM can we take input credit.( Can this rent paid for employees residential flat treated as furtherance of business )
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On 23 November 2022 at 10:00 Report
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This discussion explores whether GST Reverse Charge Mechanism (RCM) input tax credit can be claimed on rent paid for employee residential flats. While it's generally considered an administrative expense furthering business, there's a potential for departmental challenges arguing it's a personal expense. The user seeks clarification on this 'one side vs. other side' argument.

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SEO Sai Gr. Hosp.
212503 Points Posted on 23 November 2022

Yes, ITC can be claimed on the rent...

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On 23 November 2022 at 12:56
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CA Finalist
172 Points Posted on 23 November 2022
One side ITC can be claimed because its furtherance of business administration expenditure other side department may be argue it's personal
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On 23 November 2022 at 15:56
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880 Points Posted on 23 November 2022
I am not understand meaning of one side & other side , Please requested to explain . I am agree this is personal expenses
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On 23 November 2022 at 20:40

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