Itc on gst paid on sponsorship of higher education employee
This query is : Resolved
01 November 2017
Will ITC be allowed on GST paid on higher education fee of employee paid by a Pvt Ltd Company, so that he can benefit organisation in long term.
01 November 2017
ITC will not be allowed on personal benefit of employees.
01 November 2017
Not available.....
01 November 2017
Not available......
01 November 2017
So I have a family owned pvt ltd company of which my status is of an employee, and I will be pursuing post graduation in business management, after which I will be applying my knowledge for the same business..
Will I get any benefit if I can apply as corporate sponsored education. (As the colleges have option to get your education sponsored by corporates.)
The education ranges above 10Lac +GST
I have good amount of ITC in my company.
I read in DT laws, that education sponsorship funded by corporate on an employee of which the knowledge will be applied in the business, the expense shall be allowed as deduction .
Please guide
And thank you for the advice
Will I get any benefit if I can apply as corporate sponsored education. (As the colleges have option to get your education sponsored by corporates.)
The education ranges above 10Lac +GST
I have good amount of ITC in my company.
I read in DT laws, that education sponsorship funded by corporate on an employee of which the knowledge will be applied in the business, the expense shall be allowed as deduction .
Please guide
And thank you for the advice
01 November 2017
Yes you are right DT laws allow such expenses but GST don't allow ITC on such expenses.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Applicability of Ind As to associate of associate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
