Input tax credit
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 September 2017
If we're paying GST on expenses (Indirect Expenses) such as stationery, diwali gifts etc., which is not related to producing of material.
Can we claim input tax credit while filing up GST returns?
Can we claim input tax credit while filing up GST returns?
22 September 2017
Expenses should be in the course of furtherance of business i. e. One to one correlation with material produced is not required.
Further, the itc should not be disallowed under section 17(5) of cgst act.
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