Can I take itc on royalty

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3 Points Posted on 30 July 2020
pls explain can I take itc on royalty
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On 30 July 2020 at 18:52 Report
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This discussion clarifies whether Input Tax Credit (ITC) can be claimed on royalty payments. The consensus is that ITC is claimable on royalties, provided that the tax has been paid and the recipient's business involves making taxable supplies. This confirms that there are no specific blocks preventing ITC claims under these conditions.

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11 Points Posted on 30 July 2020
Yes, u can. not blocked or anything if u have paid and ur business is of taxable supplies
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On 30 July 2020 at 22:45
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3 Points Posted on 30 July 2020
Thanks ma'am
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On 30 July 2020 at 23:12

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