Chartered Accountant
12739 Points
Posted on 27 September 2018
THERE ARE MANY PRACTICES AS U EXPLIAINED
WHAT THEY DO ?
THEY AVAILED CREDIT ON PERSONAL EXPENSES , HAVING BILL IN THE NAME OF COMPANY AND GSTIN IS MENTIONED SO AS TO REDUCE OUTPUT TAX
HOWEVER , THE INPUT ON PERSONAL EXPENSES IS NOT ALLOWED SUBJECT TO EXPENSES EXCLUSIVELY FOR THE BUSINESS AND BILL IN THE NAME OF BUSINESS