EASYOFFICE
EASYOFFICE

Journal entry for purchase of Lens

This query is : Resolved 

21 February 2022 Dear All,

Our is a LLP concern. We have purchased Lens for partner from Lensfit Inernational Pvt Ltd billed in the name of LLP. Payment is made by partner from his personal account. Can we claim the ITC for the same and can we take the bill into LLP books of accounts. what will be the expense head for account. Please clarify.

Thanking you.



21 February 2022 ITC can't be claimed of personal use lens.

21 February 2022 Yes you cannot atke the ITC of the lens because they cannot be used for the business.


21 February 2022 Thank you, for the reply



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries