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
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GST Charged on Term Loan Interest
Replies (5)
Quick Summary
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.
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