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Audit fees

padmanaban natarajan (14 Points)

28 June 2018

SAC CODE 9982 AUDIT FEES ITC ELIGIBLE OR NOT ELIGIBLE

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7 Replies

ASHOK.K (ACCOUNTS EXECUTIVE) (59 Points)
Replied 28 June 2018

If service provider register person we eligble for ITC.

RAJA P M ("Do the Right Thing...!!!") (128111 Points)
Replied 28 June 2018

Yes... ITC available for the Audit Fees...

But, If You supplies is exempted then no way for ITC

Pankaj Rawat (GST Practitioner) (55062 Points)
Replied 28 June 2018

Yes , Audit fee is taxable under GST , can take itc , if have Tax Invoice from supplier

padmanaban natarajan (14 Points)
Replied 28 June 2018

Ok but taken ITC FULL or Common

RAJA P M ("Do the Right Thing...!!!") (128111 Points)
Replied 28 June 2018

Yes... You can take FULLLLLL ITC...

1 Like

Vinod Babu (24196 Points)
Replied 28 June 2018

Yes, you can take full ITC for Audit fee.

1 Like

Narayan Shivhare (204 Points)
Replied 29 June 2018

Audit Fees 100000 plus GST 18000 total 118000, you can take 18000 ITC if you provide fully taxable supply,, means your sale of goods or sale of service should be fully taxable, If your business is trading in food grains like sale of wheat and sale of soyabean than you can only take ITC in proportion to sale of soyabean/ total sale.