If employee incurred expenses in his name that whether ITC / RCM as the case me applicable or not
Neha Jain
(Chartered Accountant)
(1085 Points)
Replied 01 August 2017
If employee incurred expenses in his name that whether ITC / RCM as the case me applicable or not
Ayan Binani
(Deputy Manager(Finance)-CA)
(60 Points)
Replied 01 August 2017
You have to see the scenarios given above.
I assume that you are referring to scenario a.
In this case, if employee has incurred expense in his name and paid to URD, the same shall be subject to URD, since the organization is ultimately bearing the same.
A reciept voucher needs to be issued in the name of the URD and based on the same ITC shall be available.
Hope this shall be helpful
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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