Itc on phone
SUMIT BADYAL (709 Points)
19 April 2021
hi, we purchased a phone for the director, can we take an input tax credit or not.
SUMIT BADYAL (709 Points)
19 April 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 19 April 2021
CA Puja Sharma
(Chartered Accountant)
(4984 Points)
Replied 19 April 2021
YEs you can take ITC provided the bill is in the name of the Company, Accounted for in company's books, the bill contains the valid GSTIN
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 19 April 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 19 April 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 19 April 2021
SUMIT BADYAL
(709 Points)
Replied 19 April 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 19 April 2021
Debit balance under director's account appears under Current Assets.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 19 April 2021
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
CAclubindia
