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Input tax credit

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 Repl .....

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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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lized in the course or furtherance of business then it is allowed. - Reply By Rajagopalan Ranganathan - The Reply = Sir, According to Section 17 (5) (g) of CGST Act, 2017 In respect of goods or services or both used for personal consumption, shall no .....

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uch 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 ex .....

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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 company. The teleph .....

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