Goods and Services Tax – Started By: – neela kandan – Dated:- 19-9-2017 Last Replied Date:- 29-9-2017 – My friend is a MD of IT company.He wants to know whether he can avail ITC for the telephone bills paidregards – 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 person use then credit is allowed of the input tax which is
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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 for e.g. a director is having telephone at home which is paid by the c
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