Director of a Pvt. Ltd. Company is using his personal credit card for the company purpose to the extent of 95% please suggest if he can claim Credit Card charges and Service Tax in companies books? And in such a case the benefits earned on the card say rewards also to be accounted in companies books or what?
Menu
Use of personal credit card for the company purpose
Replies (1)
He can claim Service Tax and Credit Card Charges if he has proper bills for Company Expenditure. The reward points will not be accounted for. If the reward point is used for Company purpose and some charges deductions will be there then those charges can be shown in Company books.
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
