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input tax credit

ITC / Input 161 views 6 replies
can we claim input tax credit on expenses that can be reimbursed
Replies (6)

Yes, you can subject to your GSTIN no on that as well as consumption of service/goods at your place. 

As per section 15 of CGST, we need to include any of the expenditure which the supplier has incurred for a supply of goods or services even though such expenditure is reimbursed by a receiver of service or goods.

Since you are including such expenditure in your outward GST payment you can claim ITC as well for the same.

Further, there is no specific restrictions are provided in this regard considering you must get the tax invoice in your company name and GSTIN number.

shall I be eligible be to take credit on expenses which are reimbursed if I act like a pure agent and I will not include this amount in the invoice value

As per my view, you cannot since you have not incurred such expenditure for providing outward supplies.

tnq u soo much for Ur answer
I have one more doubt does the special incentive to the director attract GST

If he is a non-executive director (other than the employee) then the company shall require paying GST under reverse charge however for executive director GST shall not attract.


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