Can we avail input credit on bills issued from interstate supplier for Hording rent under interstate

Pradeep chaturvedi (manager accounts) (21 Points)

24 April 2021

Sir

can we avail input credit on the bills for hording rent which are on different part of other states

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3 Replies

Prathyusha Varma (ArticleShip) (393 Points)
Replied 24 April 2021

We can treat it as Addvertisement expense. Addvertisement expense related to business are eligible for ITC

Sourav (Student) (23943 Points)
Replied 24 April 2021

Yes ITC can be claimed

CA ABHAY GUPTA (Practice) (3196 Points)
Replied 25 April 2021

You can claim in case supplier charged IGST as CGST and SGST credit in case of Inter state supply not available. For Eg hording situated in Noida Uttar Pradesh, Receiver registered in Delhi, supplier charged CGST and UPGST in bill in this case receiver in Delhi cannot use CGST nad UPGST as ITC for set off their outward liability.