Whether can we claim the ITC on transaction Charges.
In case of we are not in business has invested money in share market but the core business of the company is for manufacturing of TOY.
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Quick Summary
This discussion explores the eligibility for claiming Input Tax Credit (ITC) on transaction charges, particularly those incurred from share market investments. While ITC is generally claimable, it excludes exempted supplies. The conversation seeks clarification on specific sections or notifications pertaining to broker charges on commodity trading.