The most common and hot topic in the present GST regime is Input Tax Credit. What are the scenarios where the ITC can be availed and how can it be availed? The corporate are grasping the GST law in detail so as to learn the ITC provisions and claim the same.

We had understood about the ITC available on Employee Re-imbursement in our earlier article. Now, the question arises I s input tax credit available for the input tax paid on use of mobile phones and laptops given to employees? Under the goods and services tax (GST) law, input tax credit is available for all inputs used in the course or furtherance of business and the tax invoice issued by the supplier is in the name of the business with the GSTIN of the company eager to claim ITC. If laptops and mobiles are given to employees for use in the course or furtherance of business, and the invoice of the said perks are in the name of the company with its GSTIN, the company can claim the ITC paid on such inputs while paying GST on the outputs of the company.

Sources –Business Standard

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