INPUT CREDIT OF SERVICE TAX
This query is : Resolved
27 January 2009
CAN WE CAN CLAIM INPUT CREDIT ON REIMBURSEMENT OF EXPENSES OF EMPLOYEES LIKE TELEPHONE EXP,INTERNET CHRG ETC
Arbind Aggarwal
(Expert)
27 January 2009
Yes, if it is in relation to business, like if liable for FBT or allowed as business expenses under Income Tax Act.
Shyam Lal Naik
(Expert)
27 January 2009
Difficult to answer.
In a recent case, the department had denied cenvat credit on mobile phone, as the bill was in the name of the employee. However, the tribunal allowed the appeal by way of remand.
In a recent case, the department had denied cenvat credit on mobile phone, as the bill was in the name of the employee. However, the tribunal allowed the appeal by way of remand.
CA Nitin Wadhwani
(Expert)
08 February 2009
If its wholly used for business purpose, it is allowable
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