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Bajaj finance

Vinod Madig (91 Points)

09 February 2020

can I take ITC claim bajaj finance service bill

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7 Replies

RAJA P M ("Do the Right Thing...!!!") (127177 Points)
Replied 09 February 2020

What is uses of that finance amount and why it's taken...?
Is it business or individual?

Vinod Madig (91 Points)
Replied 09 February 2020

Business purpose

RAJA P M ("Do the Right Thing...!!!") (127177 Points)
Replied 09 February 2020

If the finance loan taken from Business account (like your business as company, firm) then You can claim ITC...

Note : You are not give correct details... Right..?!

Vinod Madig (91 Points)
Replied 09 February 2020

actually what happen im retailer apollo tyre one x customer purchas tyre by through bajaj finance then payemnt trf bajaj to me and emi paid customer that time bajaj finance gstr1 return filed my gst no.against so i can claim itc

RAJA P M ("Do the Right Thing...!!!") (127177 Points)
Replied 09 February 2020

If it's not for you then You can't claim ITC.

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 09 February 2020

As far as my view ,working of Bajaj finance is :
Retailer Raised bill to Customer & the payment received by retailer is from Bajaj Finance on behalf of Customer.
So in this case Finance company do raise any Bill. ..... Yes there might be some commission or fee being charged by finamce company from retailer , that might be reflected in 2A of Retailer & for that you can claim ITC