Credit card payment -input credit
This query is : Resolved
Rajkumar Gutti
(Querist)
19 July 2018
OUR COMPANY DIRECTOR HAS USING CREDIT CARD
FOR PAYING EXPENSES BILL / PURCHASE PAYMENT., ETC.
RELATED TO COMPANY BUSINESS EXPENDITURE.
CAN COMPANY TAKE GST INPUT CREDIT ON CRED CARD PAYMENT.
NOTE- CREDIT CARD IS IN FAVOUR OF PERSONAL NAME OF DIRECTOR
BUT EXPENSES FOR BUSINESS PURPOSE.
THANKING YOU,
REGARDS
RAJKUMAR GUTTI
FOR PAYING EXPENSES BILL / PURCHASE PAYMENT., ETC.
RELATED TO COMPANY BUSINESS EXPENDITURE.
CAN COMPANY TAKE GST INPUT CREDIT ON CRED CARD PAYMENT.
NOTE- CREDIT CARD IS IN FAVOUR OF PERSONAL NAME OF DIRECTOR
BUT EXPENSES FOR BUSINESS PURPOSE.
THANKING YOU,
REGARDS
RAJKUMAR GUTTI
CA PRAVEEN
(Expert)
31 July 2018
Yes, but GSTN no of the Company must be mentioned in Bill for claiming ITC.
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