https://www.taxtmi.com/forum/issue?id=118044 Contractual perquisites provided by an employer to an employee are treated as not constituting a taxable supply under Schedule III when they are in lieu of services under the employment contract. Renting of residential dwellings was exempt but the exemption for dwellings rented to registered persons was withdrawn from 18 July 2022, attracting reverse charge liability on the registered recipient. This creates potential disputes over entitlement to input tax credit because of personal-consumption restrictions; arranging tenancy in the employee's name with employer reimbursement is suggested to avoid RCM and ITC risk. en-us Tue, 12 Jul 2022 16:29:59 +0530 Thu, 23 Jan 2025 15:54:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118044 Contractual perquisites provided by an employer to an employee are treated as not constituting a taxable supply under Schedule III when they are in lieu of services under the employment contract. Renting of residential dwellings was exempt but the exemption for dwellings rented to registered persons was withdrawn from 18 July 2022, attracting reverse charge liability on the registered recipient. This creates potential disputes over entitlement to input tax credit because of personal-consumption restrictions; arranging tenancy in the employee's name with employer reimbursement is suggested to avoid RCM and ITC risk. Discussion-Forum GST Tue, 12 Jul 2022 16:29:59 +0530 https://www.taxtmi.com/forum/issue?id=118044