Availing IGST credit

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..... Dear Sir, Our Company provide temporary accomodation to many of the outstation candidates at the time of joining the company through a vendor and the vendor charges IGST in all their invoices. My Query is whether the company can avail credit of the IGST charged by the vendor for such nature of expenses. Please guide us. thanks and regards Chidambaram - Reply By KASTURI SETHI - The Reply = D .....

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..... ear Querist, Will such expenses form part of Profit Loss Account in the Company's Annual Report/Balance Sheet ? - Reply By Chidambaram Subramaniam - The Reply = Dear Sir, Yes, It forms part of our P L account and balance sheet. Regards Chidambaram - Reply By KASTURI SETHI - The Reply = In my view, this activity conforms to the definition of ---------------------in .....

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..... the course of business or furtherance of business of the Company. Credit of IGST is admissible, if you qualify other conditions. Needless to say expenses of P L Account are part of business. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = Your company can avail credit. - Reply By Brijesh Verma - The Reply = I am sorry but I am not able to comprehend as to how your vendor can charge IGST i .....

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..... n respect of accommodation services! Please throw some light. Experts may correct my understanding if I am wrong. - Reply By CASusheel Gupta - The Reply = Agree with experts, however 1) the vendor can charge only CGST+SGST 2) ITC allowed whether it is IGST/CGST+SGST - Availing IGST credit - Query Started By: - Chidambaram Subramaniam Dated:- 14-11-2018 Goods and Services Tax - GST - Got 6 .....

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..... Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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