Hi Experts,
I have the some doubts regarding the implications of GST in the following scenarios.
1. If employer (XYZ Co) obtaines car from the (ABC Co) for car lease and pays certain amount as lease amount. These cars are provided to the employees for three years and the lease amount is being deducted from the salary of employees.
- GST charged by the ABC can employer take ITC?
- Whether GST must be charged by the employer to amount deducted from the salary of employees
2. If XYZ provides samples supply to the other companies and ITC reversal is not made for the month of July to Nov and all the reversal on samples supply made in month of July to Nov are reversed in the month of Dec. Does Interest is applicable even if XYZ has more eligible credit.
3. Do we require to reverse the Input tax credit on sale made Exempted goods.
4. Kindly mention the section and reference for Input Distribution under GST for multilple branches registered under other states.
CAclubindia
