Asset is in the name of the director and wholy used for company
Telephone is in the name of director and the telephone is used by the company
will ITC be allowed
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Gst on telephone bill
Replies (4)
Let see what does GST experts know
I think ITC will be allowed because the asset is used in furtherance of business. Hence ownership of asset is not a considerable factor.
ITC will be allowed only if your have updated your GSTIN details with service provider and your bill has been uploaded in GSTR2 by him.
What kind of asset you are talking about.
ITC should not be allowed on telephone bills if in name of director
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