REGARDING INPUT

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B.SC
202 Points Posted on 10 September 2020
i did corona policies for my staff for this I had paid gst also they are given invoice. in this regard can i claim input or not
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On 10 September 2020 at 08:22 Report
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This discussion clarifies whether GST input tax credit (ITC) can be claimed for expenses related to mandatory COVID-19 policies for staff. According to Section 17(5) of the relevant act, ITC is available for goods or services that an employer is legally obligated to provide to employees under existing laws. Therefore, if your staff policies were a mandatory requirement, you should be able to claim the input tax credit.

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Chartered Accountant
4524 Points Posted on 10 September 2020
The ITC shall be available on the expense incurred due to mandatory obligation under Disaster Management Act 2005 As section 17(5) clearly states that the input tax credit in respect of goods or services or both shall be available, where it is obligatory for an employer to provide the same to its employees under any law for the time being in force.
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On 10 September 2020 at 09:44
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B.SC
202 Points Posted on 12 September 2020
Thanking you sor
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On 12 September 2020 at 17:25

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