Itc on phone

Sourav (Student)     19 April 2021

No, you cannot claim ITC in this case as it is used for personal use

SUMIT BADYAL   19 April 2021

Ok then it's come uder indirect expense or asset

CA Puja Sharma (Chartered Accountant)     19 April 2021

YEs you can take ITC provided the bill is in the name of the Company, Accounted for in company's books, the bill contains the valid GSTIN

Sourav (Student)     19 April 2021

But if it is used for personal use then ITC cannot be claimed

SUMIT BADYAL   19 April 2021

It is used for personal

CMA Poornima Madhava (ACMA)     19 April 2021

Transactions which are personal in nature cannot be accounted as expenses of the company and hence no ITC can be availed in respect of the same. Debiting the same to the account of the director would be appropriate I think.