I t c related quiries

This query is : Resolved

ARUN KUMAR (Querist)
Follow

09 August 2018 Company having a project management consultant (PMC )for which company paying 1. Fixed remuneration for which PMC charging GST and company treating this as ITC.
Secondly, PMC spend some amount like 100 plus GST 18 for which PMC supplier issued GST Bill in the name of PMC. As per agreement terms PMC eligible for reimbursement of this expenditure.Accordingly PMC forwarding said bill along with request to Company for reimbursement of Rs.118/-
Here question is Company liable to reimburse Rs. 100 or 118 ?
If company reimburse ra 100 without considering GST since GST Bill issued by third party in the name of PMC is is wrong or correct

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

09 August 2018 Company is liable to reimburse 118.
Reimbursement include taxes. Advice PMC to obtain bill on the name of the company with gstin.

ARUN KUMAR

ARUN KUMAR (Querist)
Follow

09 August 2018 Here PMC taken bill form third party in their own name then how much amount to be reimbursed by Company, Here logic is PMC have option to take ITC

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

09 August 2018 In such a case he has to raise a taxable invoice for reimbursement for 100(ITC pass on so invoice raised for 100) with 18% GST. ITC can be claimed on it by company.
GST applicable on such reimbursement.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

jagadheswar goud

ANUPAMA L KANT

Krishnan V

jayaraman

vijai gupta

Subscribe Now

I t c related quiries

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA