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ITC FOR MOBIL

ITC / Input 312 views 7 replies
I purchased Mobile for Employees ITC AVAILABLE ?
Replies (7)
According to me, yes. Please wait for other experts to reply
Ok sir
If mobile phones are being used in the course or furtherance of business, ITC can be claimed. There is no restriction as per GST act.
Regards
Two points are there...
1. Mobile phone to be used by employee in the course of furtherance of business.
2. Permanent Transfer of business assets. (mobile phone)

in case of case-2 i.e. permanent Transfer of mobile phone...you can not avail ITC.

and

in case of case-1 you will capitalize mobile phones in your books, ownership of the phone shall be in name of your business and you can also enjoy depreciation benefit as per Income tax act. in this case you can avail ITC.
For business use thn u can claim ITC. section 17(5) restrictions are not attract on mobiles
Yes, I agree. If the mobile is used for furtherance of business and has an invoice in the name of the Company/Firm with GST No., then you can claim ITC
Any thing given to employees if less than 50k then it's not a supply and ITC of the same is available


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