Is ITC allowable on mobiles and laptops given to employees/ used fully for business purposes?
and if YES till what extent?
(Please also refer the notation of the law if possible.)
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ITC ON MOBILE/LAPTOP GIVEN TO EMPLOYEES
Replies (3)
If laptops and mobiles are given to employees for use in the course or furtherance of business, and tax invoice of the said goods are issued in the name of the company with its GSTIN, the company can claim the ITC paid on such inputs while paying GST on outward supplies of company.
However, if the company is treating them as capital goods and claiming depreciation even on the GST portion by capitalizing the tax amount, no ITC shall be available in that case.
Thank you sir,
is their any specific clearification/notification available for the said perspective.
is their any specific clearification/notification available for the said perspective.
Kindly refer section 16 CGST Act
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