Itc on gst paid on sponsorship of higher education employee
This query is : Resolved
01 November 2017
Will ITC be allowed on GST paid on higher education fee of employee paid by a Pvt Ltd Company, so that he can benefit organisation in long term.
CA R SEETHARAMAN
(Expert)
01 November 2017
ITC will not be allowed on personal benefit of employees.
CA Rashmi Gandhi
(Expert)
01 November 2017
Not available.....
CA Rashmi Gandhi
(Expert)
01 November 2017
Not available......
01 November 2017
So I have a family owned pvt ltd company of which my status is of an employee, and I will be pursuing post graduation in business management, after which I will be applying my knowledge for the same business..
Will I get any benefit if I can apply as corporate sponsored education. (As the colleges have option to get your education sponsored by corporates.)
The education ranges above 10Lac +GST
I have good amount of ITC in my company.
I read in DT laws, that education sponsorship funded by corporate on an employee of which the knowledge will be applied in the business, the expense shall be allowed as deduction .
Please guide
And thank you for the advice
Will I get any benefit if I can apply as corporate sponsored education. (As the colleges have option to get your education sponsored by corporates.)
The education ranges above 10Lac +GST
I have good amount of ITC in my company.
I read in DT laws, that education sponsorship funded by corporate on an employee of which the knowledge will be applied in the business, the expense shall be allowed as deduction .
Please guide
And thank you for the advice
CA R SEETHARAMAN
(Expert)
01 November 2017
Yes you are right DT laws allow such expenses but GST don't allow ITC on such expenses.
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