Is ITC allowable on mobiles and laptops given to employees/ used fully for business purposes?
and if YES till what extent?
(Please also refer the notation of the law if possible.)
Menu
ITC ON MOBILE/LAPTOP GIVEN TO EMPLOYEES
Replies (3)
If laptops and mobiles are given to employees for use in the course or furtherance of business, and tax invoice of the said goods are issued in the name of the company with its GSTIN, the company can claim the ITC paid on such inputs while paying GST on outward supplies of company.
However, if the company is treating them as capital goods and claiming depreciation even on the GST portion by capitalizing the tax amount, no ITC shall be available in that case.
Thank you sir,
is their any specific clearification/notification available for the said perspective.
is their any specific clearification/notification available for the said perspective.
Kindly refer section 16 CGST Act
Recent Threads
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
Related Threads
CAclubindia
