Input tax credit
Query (Issue) Started By: – neela kandan Dated:- 19-9-2017 Last Reply Date:- 29-9-2017 Goods and Services Tax – GST
Got 12 Replies
GST
My friend is a MD of IT company.He wants to know whether he can avail ITC for the telephone bills paid
regards
Reply By Himansu Sekhar:
The Reply:
Telephone bills in the name of the company allowed.
Reply By Himansu Sekhar:
The Reply:
If the bills are in his own name or the telephones are used in his residence even if in the name of the company the credit is not allowed refer sec 17(5) of cgst act
Reply By Ganeshan Kalyani:
The Reply:
Credit is allowed if the input is used in course or furtherance of business. If telephone is used partially for business and partly for per
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partly for other purposes, the amount of credit shall be restricted to so much of the input tax as is attributable to the purposes of his business. "
Reply By Himansu Sekhar:
The Reply:
I agree with the experts.
Reply By KASTURI SETHI:
The Reply:
The reply of Sh.Ranganathan, Sir covers (includes) the replies of all experts. ITC is available but conditionally and has to be taken care of the phrase, "in the course of or for furtherance of business". In the Company's office telephone which is in the name of Director of the Company, ITC is admissible as telephone is being used in course of or for furtherance of business of the Company.
Reply By Ganeshan Kalyani:
The Reply:
Telephone service may invite audit point. Say
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