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GST ON Immovable property

163 views 11 replies
sir our company is paying rent of a guest house on lease.
Guest house owner is not registered.
let's assume company was paying 14000 per month prior to gst .

Now what will be the accounting.
whether there will be reverse charge or not.

can we take credit of the tax paid if it is in reverse charge.
Replies (11)
you shall pay the tax under RCM and avail input tax credit if the place is used for furtherance of business
sir we are using the guest house for our company employees and for guests from our other units .
can it be treated as commercial or residential
ITC not eligible in this case
ITC not eligible in this case
but sir if we treat it as residential then there will be no question of paying gst. is it possible ?
no. it is taken for lease or rent by the company not by any individual for residential purpose.
RCM is applicable in this case... bcoz, company ll be use his employees and his customers...
Finally in my case Itc available or not ?
please suggest
You pay RCM then can get ITC.....
Thanks a lot sir
You are Most WELCOME.....


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