Regarding itc

This query is : Resolved

Parth Amin (Querist)
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25 April 2018 Sir,
I had purchased the online software for my firm now the bill is generated in the name of proprietor can i avail the ITC in this scenario.
Note
Bill is generated on proprietor name can i claim itc in firms return.GST No is mentiined on the invoice

Guest

Guest (Expert)

25 April 2018 It should be in the name of partnership firm in order to avail credit.

RAJA P M

RAJA P M (Expert)
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25 April 2018 Yes... You can take ITC for the purchase. If You are running a proprietorship firm and the bill is Your name with Your GSTIN then You can avail the ITC benefits. GSTIN is based on PAN... Proprietor and his proprietory business is same of his PAN... No more restriction.

RAJA P M

RAJA P M (Expert)
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Guest

Guest (Expert)

25 April 2018 As per my understanding the assesse in question here is partnership firm and not propritorship

Anmol Davesar

Anmol Davesar (Expert)
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30 April 2018 Correct the bill as you cant take itc of bill that is in your name but not in your firm's.

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