24 January 2018
input tax credit is available for all inputs used in the course or furtherance of business and the tax invoice issued by the supplier is in the name of the business with the GSTIN of the company eager to claim ITC. If laptops and mobiles are given to employees for use in the course or furtherance of business, and the invoice of the said perks are in the name of the company with its GSTIN, the company can claim the ITC paid on such inputs while paying GST on the outputs of the company.
CAclubindia
