Cenvat Credit

[Guest]

Dear All,

The bill comes in the name of employee/director with company address and the expense is borne by the company.

Now my question is that can the company take the cenvat credit of that particular bill..

Kindly assist....

Bijoy

[GANTI SARMA]

No, it is not correct. All Bills whatever you want avail credit should be on Company's name and address. Bills which are issued on personal names are not valid for credit and not a issue who will bear the expenditure.

 

AI Summary

Cenvat Credit Denied for Bills in Employee's Name Even if Company Pays; Must Be in Company's Name & Address A user inquired whether a company can claim Cenvat credit for a bill issued in the name of an employee or director but with the company's address, where the company bears the expense. The response clarified that it is not permissible to claim credit on such bills. To avail Cenvat credit, all bills must be issued in the company's name and address, regardless of who incurs the expense.