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How to take Credit

ITC / Input 267 views 5 replies
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artical assistant
137 Points Posted on 03 September 2018
Company allow cash to member for phone purchase a fix amount 7000/- but employees purchase his name and amount by 10000/-then how to take gst credit on account becauae company pay 7000 and bill amount 10000 and employees name
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On 03 September 2018 at 18:21 Report
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account -GST
1560 Points Posted on 03 September 2018
the company not get ITC. if phone purchase with name of company in that case Company also not get ITC
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On 03 September 2018 at 19:42
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artical assistant
137 Points Posted on 03 September 2018
why not get itc if purchase name of company?
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On 03 September 2018 at 20:03
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24196 Points Posted on 03 September 2018
If the bill bears gstin and company name, then ITC can be claimed.
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On 03 September 2018 at 22:54
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1545 Points Posted on 04 September 2018
ITC can be claimed only when input/input services are used for business. And for claiming ITC, invoice should be in the name of company along vd the company's GSTIN mentioned on it
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On 04 September 2018 at 00:05
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GST Practitioner
55067 Points Posted on 04 September 2018

No company cannot take ITC because
an invoice issued by the supplier of goods should be accordance to the provisions of section 31;
Mean , invoice should be in the co. name & the GSTN of Co. should be mention therein

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On 04 September 2018 at 00:29


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