ITC available on guest house

[KARAN VERMA]

Sir, company takes guest house on rent for stay purpose of senior employees and outsider person like engineer, auditors etc

Whether company eligible to claim input credit on rent payment.

AI Summary

Input Tax Credit Not Allowed on Rent for Guest House Used by Employees and External Personnel A company inquired about the eligibility to claim Input Tax Credit (ITC) on rent payments for a guest house used by senior employees and external personnel like engineers and auditors. The response provided by a participant indicated that ITC on such expenses is not admissible.