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Input tax credit, Goods and Services Tax - GST

Issue Id: - 112847
Dated: 19-9-2017
By:- neela kandan
Input tax credit

  • Contents

My friend is a MD of IT company.He wants to know whether he can avail ITC for the telephone bills paid

regards

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Posts / Replies

Showing Replies 1 to 12 of 12 Records

1 Dated: 19-9-2017
By:- Himansu Sekhar

Telephone bills in the name of the company allowed.


2 Dated: 19-9-2017
By:- Himansu Sekhar

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


3 Dated: 20-9-2017
By:- Ganeshan Kalyani

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 used for business purpose.


4 Dated: 20-9-2017
By:- Ganeshan Kalyani

Telephone service is subject to litigation. It need to be justified that the purpose is for business use.


5 Dated: 20-9-2017
By:- MARIAPPAN GOVINDARAJAN

It the said services is utilized in the course or furtherance of business then it is allowed.


6 Dated: 20-9-2017
By:- Rajagopalan Ranganathan

Sir,

According to Section 17 (5) (g) of CGST Act, 2017 In respect of goods or services or both used for personal consumption, input tax credit shall not be available.

According to Section 17 (1) of CGST Act, 2017 "where the goods or services or both are used by the registered person partly for the purpose of any business and 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. "


7 Dated: 20-9-2017
By:- Himansu Sekhar

I agree with the experts.


8 Dated: 21-9-2017
By:- KASTURI SETHI

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.


9 Dated: 22-9-2017
By:- Ganeshan Kalyani

Telephone service may invite audit point. Say for e.g. a director is having telephone at home which is paid by the company. The telephone is also in the name of company. The director does business calls at home. He makes good business deal through that phone. But at the same time he is receiving or makes call to his relative. In this case how to bifurcate the expense. There is practical difficulties.


10 Dated: 22-9-2017
By:- KASTURI SETHI

ITC is allowed even if phone is installed at home. Only it should be established that phone is used in the course or furtherance of business of the company registered under GST.


11 Dated: 22-9-2017
By:- Ganeshan Kalyani

I agree with you Sir. But it is a fact that the process of establishing that the phone is used in course or furtherance of business is a challenging job.


12 Dated: 29-9-2017
By:- Himansu Sekhar

It will be on case to case basis.


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