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
\nregards
\nReply By Himansu Sekhar:
\nThe Reply:
\nTelephone bills in the name of the company allowed.
\nReply By Himansu Sekhar:
\nThe Reply:
\nIf 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
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nCredit is allowed if the input is used in course or furtherance of business. If telephone is used partially for business and partly for per<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n 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. " = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Input tax credit Query (Issue) Started By: – neela kandan Dated:- 19-9-2017 Last Reply Date:- 29-9-2017 Goods and Services Tax – GSTGot 12 RepliesGSTMy 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 … Continue reading “Input tax credit”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7839","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7839"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7839\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nReply By Himansu Sekhar:
\nThe Reply:
\nI agree with the experts.
\nReply By KASTURI SETHI:
\nThe Reply:
\nThe 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.
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nTelephone service may invite audit point. Say <\/p>\n
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