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Eligible ITC

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(Querist)
15 December 2019 Dear Experts!
We have taken loan from NBFC however they issued us the invoice of processing fee with 18% GST thereon. Pls let know can we avail the ITC of processing fee paid to NBFC for loan

Thanks
Karan
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JATIN DUGGAL

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JATIN DUGGAL (Expert)
16 December 2019 If the loan amount is used for business purpose, then ITC is available

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