Itc on royalty paid
This query is : Resolved
Arun Lakshminarayanan
(Querist)
19 December 2018
GST paid to franchisor towards royalty can be taken as credit ?
If yes then can it be taken if paid before registration of GST?
Pls help me out.
If yes then can it be taken if paid before registration of GST?
Pls help me out.
Vishakha Kejriwal.
(Expert)
20 December 2018
ITC availed in respect of input services is eligible only where availed after the date of registration. Thus royalty paid to franchiser in your case could be eligible where availed post registration.
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