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business travel expenses
my salespersons visit market and we provide them taxi and travel firm give me the bill with 5 % gst can i avail itc on that pls guide me
Replies (4)
No...
We can't avail the benefit of ITC...
We can't avail the benefit of ITC...
but it is for furtherence of business sir
For Service Receivers
Businesses cannot claim ITC if they take cab services.If comapny pays cab services for employees to a convention then it will not be able to claim any ITC on the 5% GST in the taxi bill.
what entry we will pass in books
expense a/c dr ×××
to cash/bank ×××
then how will be the travel firm will show it in returns in gstr 1 and the same will show in my gstr 2 so i have to accept then how will be the tax component get handle?
expense a/c dr ×××
to cash/bank ×××
then how will be the travel firm will show it in returns in gstr 1 and the same will show in my gstr 2 so i have to accept then how will be the tax component get handle?
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