We have manufacture unit and buying Mobile Handset to our employees from The Mobile Stores. The Mobile stores raised us invoice with GST charged extra.
Now, since we can avail ITC as the expenses are furtherance of business we require to The mobile store as mention our GST Number in their invoice. We asked them accordingly but there answer is that we are not charging you GST extra our prices are inclusive of GST.
In above case whether we can avail of ITC or not.
Before GST implementation. we are availing ITC on such transaction.
Manufacturing unit advised on ensuring GST details in invoices for Input Tax Credit on employee mobile handsets. A manufacturing unit is seeking advice on availing Input Tax Credit (ITC) for mobile handsets purchased for employees. The supplier, a mobile store, includes GST in their prices but does not list the buyer's GST number on invoices. Experts suggest that for ITC eligibility, the invoice should detail GST separately and not be from a Composition Scheme dealer. They advise obtaining a breakdown of transaction value and GST paid. It is recommended to ensure future invoices clearly show GST and transaction values separately to facilitate ITC claims. (AI Summary)
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