EASYOFFICE
EASYOFFICE

ITC availavility

This query is : Resolved 

17 March 2020 Dear Professionals,
My company paid GST as the vehicle was captured by RTO officer. The company paid GST alongwith 100% penalty.
Please suggest can i claim the amount of ITC on
1. GST paid
2. Penalty paid on GST.

17 March 2020 1 ITC can be claimed if eligible.
2 No ITC can be claimed on penalty.

17 March 2020 Yes, you can claim ITC of the GST paid on goods, if eligible.
Penalty paid at the time of seizure of goods cannot be claimed.


17 March 2020 Sir Goods was not seized but due to some mistake in applying E-way bill provision this penalty was imposed along with GST. Please give your opinion.

17 March 2020 Even if the goods were not seized and penalty was paid for other reasons as mentioned, you cannot claim ITC of the penalty.

17 March 2020 Thanks to all for your suggestions

17 March 2020 Welcome..............



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