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.
if available ITC under which section in GST Law
Menu
CAN ITC AVAILABLE UNDER GST LAW
Replies (4)
Yes ....................under section 16 of CGST Act "in the course , or furtherance of Business" ITC can be claimed
Yes you can claim ITC as the expense has been incurred in the course or furtherance of business. Section 16(1) of the CGST Act 2017 allows a person to claim ITC of Goods and Services used in the course or furtherance of business.
Thank you both of you
Your always Welcome Sir...
Recent Topic
- How to show Capital Gain on gifted property
- TIS Glitch Alert : inflated summary
- IT returns of partners
- Challan status in Payment Failed but amount deduct
- Sec 54 exemption
- Query regarding retirement benefits
- TDS Payment and filing
- Capital gains exemption under sec 54
- Revamped traces portal, conso file download failed
- Due date of ITR for Option Trader
Related Topics
CAclubindia
