lucky (MBA) 01 August 2020
I am an employee of a private company. Company is reimbursing the expense on buying furniture based on invoice submission which should be GST compliant.
Question is can the company claim input tax credit based on the invoice submitted by the employee which will be on employee's name?
Sagar Patel (Tax and Business Consultant) 02 August 2020
If the Company is reimbursing the expense on buying furniture based on invoice submission which should be GST compliant by employees, than In this case Company can take ITC only when Invoice of purchase of furniture ect. is on name of company and GSTIN of company is mentioned on purchase invoice.
If purchase invoice is on name of employee, than company can not take ITC.
Shivam RC (Student) 02 August 2020
The Company cannot claim ITC because of the following reason :
1). The Invoice is in Employee's Name and not Company.
2). The GSTIN of the Recipient ( Company ) is not mentioned ( which is one of the vital condition for claiming ITC ).