Imprest amount given to employee for expenses

This query is : Resolved

VIJAY BHATT (Querist)
Follow

16 June 2017 What is the impact of Employer given Imprest money / PCS to employee for site expenses ?

Is there any limit ? If yes then monthly / yearly / per transaction ?? what ?

VIJAY BHATT

VIJAY BHATT (Querist)
Follow

16 June 2017 What is the impact of GST on above ?

Sagar Doshi

Sagar Doshi (Expert)
Follow

16 June 2017 In such scenario, it can be construed that Company had procured the goods or services from the unregistered dealer and therefore have to pay GST under reverse charge and then can claim the ITC if fulfill other conditions for ITC.

Message likes : 1 times

VIJAY BHATT

VIJAY BHATT (Querist)
Follow

17 June 2017 Thank for response. Can u brief the conditions for taken ITC in above such cases...

And is there any limit ???

Sagar Doshi

Sagar Doshi (Expert)
Follow

17 June 2017 Its big list, refer some good article online which can give you brief understanding of it. But for your business scenario, I will recommend you to consult tax expert.

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

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

K.M. AGGARWAL

C G K MURTHY

Ishwar Radhakisan Tawani

Vinod Dharwarkar

manojkumarkk

Subscribe Now

Imprest amount given to employee for expenses

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Article Assistant

CA Final

GST CONSULTANT

Accountant

Manager- Finance and Compliance