Partner's Credit Card - GST issue

[Jatinder Kumar]

Dear Sir,

We have purchased goods / services through Credit Card (in the name of Partner) and credit card charges like interest charges, finance charges, etc. debited in firm Profit and Loss A/c.

We also debited GST on credit card interest charges in firm Profit & Loss A/c.

Please guide me, how to reflect interest charges, finance charges, GST paid on such charges in GST Return.

ITC not claimed by us due to credit card in the name of Partner.

Telephone Bills are also in the name of partner's therefore ITC not claimed, where it is shown in return

Thanks & Regards,

Jatinder Kumar

AI Summary

GST ITC Unavailable for Firm Expenses on Partner's Credit Card Without Firm's GSTIN on Invoices A query was raised regarding the treatment of GST on credit card and telephone bill charges incurred in the name of a partner but debited to the firm's accounts. The initial concern was about claiming Input Tax Credit (ITC) since the credit card and telephone bills were not in the firm's name. One response highlighted that purchases made via a partner's credit card are considered firm purchases, allowing ITC claims. However, others noted that without the firm's GSTIN on invoices, ITC cannot be claimed, as it is essential for the GST matching process. Ultimately, ITC was deemed unavailable in this scenario.