SUMIT BADYAL (709 Points)
11 May 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 11 May 2021
prasad Nilugal
(3914 Points)
Replied 11 May 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 11 May 2021
SUMIT BADYAL
(709 Points)
Replied 11 May 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 11 May 2021
| Originally posted by : SUMIT BADYAL | ||
 |
Yeah, the invoice in the name of the company and gst no mention on it, but paid by the employee |  |
ITC can be availed in such a scenario. Do not reimburse the employee in cash if bill value is >=10k
GURLEEN KAUR
(accountant, GST)
(45 Points)
Replied 12 May 2021
IF THE INVOICE IS ON THE NAME OF COMPANY THEN U CAN CLAIM GST.
PURCHASE A/C DR
TO EMPLOYEE
AT THE TIME OF REIMBURSEMENT
EMPLOYEE A/C DR.
TO (MODE OF PAYMENT)
CAclubindia
