An employee take dwelling house for his own use .He paid rent Rs.20000/- PM.
Same rent reimbursed by corporate body company separately, other than regular salary.
As per sec.2(93 ) of CGST Act company acting as an principal agent and it is construed that supply is made to company.
Hence rent paid by employee to landlord , which is reimbursed by co.is liable to pay RCM GST.
Here there is no any contractual agreement between employee and employer for rent.
Is my information is correct
Menu
Sec.2 (93 ) of CGST Act
Replies (3)
But sir , rent paid is debited to rent exp.there is no contractual agreement between employee and employer for rent. Company pay rent to employee indirectly company is recipient and sec.2 (93) says that company is acting as an agent.
In my understanding, it has to be debited to Employee Cost not to Rent paid.
What are the view's of other expert
Recent Threads
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
Related Threads
CAclubindia
