Journal entry for purchase of Lens

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An LLP is seeking clarification on whether they can claim Input Tax Credit (ITC) for lenses purchased for a partner, even though the payment was made from the partner's personal account and the bill was in the LLP's name. The general consensus is that ITC cannot be claimed for items considered personal use and not directly for business purposes. The discussion also touches upon how such an expense might be recorded in the LLP's books.

Suhasini Lad

Suhasini Lad (Querist)
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21 February 2022 Dear All,

Our is a LLP concern. We have purchased Lens for partner from Lensfit Inernational Pvt Ltd billed in the name of LLP. Payment is made by partner from his personal account. Can we claim the ITC for the same and can we take the bill into LLP books of accounts. what will be the expense head for account. Please clarify.

Thanking you.