• Registered Users :
  • 163437
  • Current Active Users :
  • 103723

Your Answer

Question ID : 40831

GST Credit on expenses reimbursement

A Company registered in India incurring testing expenses (on behalf of B) and getting bill from M with GST. In turn A getting reimbursement of expenses incurred on behalf of B in foreign currency. Whether Company A is eligible for taking GST Input credit of bill raised by M on A

Posted by CA. BALASUBRAMANIAM P on Sep 17, 2020

Filed Under GST

Answer ID : 80750

B should issue invoice on A and A should pay GST on the amount reimbursed by M. In such case A will be able to take credit of the tax charged by B

Posted by CA. SHILPI KATARIYA on Sep 18, 2020