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Education fee ITC

Ganga S Iyer (Accountant) (66 Points)

30 April 2023

My Boss is paying education fee of one of his staff, he is doing CFA. It is a Proprietorship firm. Can we utilise the ITC in business.

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4 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14536 Points)
Replied 30 April 2023

In my opinion , No , You Can not Claim Input Tax Credit, because as per section 16(2) of the CGST Act, to claim Input tax credit , Invoice and Goods or services must receive by the Business entity, in your Case services are received by employee , also Invoice may be in the name of employee , only you are paying , So You Can not claim ITC .

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Sandeep Jain (Pivate) (1398 Points)
Replied 30 April 2023

No You can't Avail ITC

CA SANDESH MAHIPAL (Practicing in GST and MSME ) (1985 Points)
Replied 30 April 2023

Although there is no GST on education services, however even if it has been charged, take invoice in the name of firm and if you think that it is for your business purposes, you can avail. it is similar like if any training is availed.
Regards

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