Apple watch purchased by Director of Company


This query is : Resolved 

Quick Summary
This discussion clarifies whether a company can claim Input Tax Credit (ITC) on an Apple Watch purchased in the company's name with its GSTIN. The consensus is that if the watch is for personal use by the director, ITC cannot be claimed. It is only eligible if it's demonstrably for the furtherance of the company's business.

10 November 2022 Dear All,

Whether Apple watch purchased by Director on companies name with companies GSTIN mentioned on Tax Invoicd is eligible for ITC in GST for Company or not.

Doesn't it treat as for furtherance of business
Please it's urgent.
Thanks

10 November 2022 It's for personal use ITC can't be claimed.

10 November 2022 Thank you sir.
Thanks for your prompt response

10 November 2022 You are welcome..
.


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