ITC on penalty charged by BSE or NSE

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Nikkk (Querist)
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01 April 2020 Can we take ITC of GST on penalty charged by BSE or NSE?

CA R SEETHARAMAN (Expert)
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01 April 2020 ITC can't be claimed on such penalty as it's not related to business.

CA Suresh Jain (Expert)
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02 April 2020 GST paid on penalty levied by SEBI from the Company is eligible for Input Credit. It is not under the blocked credit.

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