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GST Charged on Term Loan Interest

ITC / Input 269 views 5 replies

Greetings All !!!!!

 

Sir, 

My question is regarding (GST charged on term loan interest)  ITC to be claimed or not if any company dealing in Non GST items 

Replies (5)
If you have GST registration only then you can claim itc

GST is exempt on interest on loan.

No it cannot be claimed

Our company is already registered in GST but dealing in non GST/exempt items...

@ Meghraj Ojha

You can either continue with your registration or you can apply for cancellation of your registration. It's at your option.


CCI Pro

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