TaxTMI 
TaxTMI 
TaxTMI 
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.
ITC available on guest house
KARAN VERMA
Input tax credit on guest house rent denied; claim not admissible for company accommodation of employees and visitors. Whether a company may claim Input Tax Credit on rent paid for a guest house used to accommodate senior employees and external persons such as engineers and auditors: the advisory position communicated is that such ITC on guest house rent is not admissible. (AI Summary)
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