Eligible ITC
This query is : Resolved
karan kumar
(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
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
JATIN DUGGAL
(Expert)
16 December 2019
If the loan amount is used for business purpose, then ITC is available
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