ITC ON NON REFUNDABLE SECURITY DEPOSIT TO INDIAN OIL CORPORATION
This query is : Resolved
Quick Summary
10 June 2021
This Experts. Please clarify
Indian Oil Corporation Collect Non refundable Security Deposit from Dealers along with GST.
and also reimburse the 25% of rent along with GST to dealers. whether Dealer can claim ITC on the Security deposit, while payment of gst to department on Rent reimbursement.
Thanks in advance
Indian Oil Corporation Collect Non refundable Security Deposit from Dealers along with GST.
and also reimburse the 25% of rent along with GST to dealers. whether Dealer can claim ITC on the Security deposit, while payment of gst to department on Rent reimbursement.
Thanks in advance
CA Altamush Zafar
(Expert)
10 June 2021
Yes you can......
15 June 2021
ITC can be claimable.
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