Gst about hair trimmer and hair dryer

Quick Summary
This discussion explores the implications of using a company GST number for personal purchases, like hair trimmers and dryers, on Flipkart. While a discount may be offered, using your GSTIN for personal items means you cannot claim Input Tax Credit (ITC). These expenses must be accounted for but cannot be claimed as business expenses for income tax or GST purposes, and any claimed ITC would need to be reversed.

There is no basis

It is a personal expense and cannot be a part of profit & loss account

 

 

 

And therefore no itc can be claimed

@ Altamush: Agree with you. The query was to Veerender.
We can take it as business expense
Agree with Altamush Zahar Ji, you have explained it very well

Thank you Ankit..........

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