01 February 2018
Suppose employees of a company are provided with telephone allowance for the purpose of using it for business purpose only with a certain limit. And if the limit is being exceeded by the employees the excess amount is being collected from the employees. Example- Total Bill amount =30000( inclusive of GST) Limit for employees=25000 Excess =5000 collected from employees and paid by the company. Can company claim Input credit for the total bill amount of which only 25000 is being paid by company and remaining by employees i.e.5000 or It should claim only input inclusive in 25000 which is paid by company.
02 February 2018
If it's used for business purpose then why the company recovered from employee....?
In case company not recovered the amount then can claim the ITC fully. Otherwise company can't avail the benefit of ITC for recovered amount...
CAclubindia
