Our clients are taking cc limits for their business and bank is charging processing fees and 18% GST, clients are also paying charges to a consultancy firm which assisted in loan process and they are also charging GST on their fees
My question is can we can ITC on both charges
Thanks
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availibity of ITC for Bank processing fees on overdraft
Replies (2)
Yes... You can avail the ITC benefits if Your GSTIN is mentioned in the consultancy invoices and You are already given to bank and it's reflected in Your GSTR 2A...
Yes , you can avail ITC
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