Menu
Gst commissions
In gstr 2a reflect the bill of bajaj finance commission. Can we take input credit. But how to jv.
Replies (5)
Quick Summary
If it is in a business expenditure the ITC would be eligible provided conditions of Sec 16(2) also fulfilled i. e the recipient has the tax invoice
Sir yes can take itc if it's in the course furtherance of business
entry like
commission exp Dr
to input cgst
to input sgst
to Sunday creditor
entry like
commission exp Dr
to input cgst
to input sgst
to Sunday creditor
Yes the ITC can be claimed subject to conditions prescribed in Section 16 of CGST Act .
Note : Kindly get original tax invoice for the same from Bajaj
Note : Kindly get original tax invoice for the same from Bajaj
Yes you may avail the ITC
You can avail the ITC if condition of Section 16 are complied
Recent Topics :
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
Related Topics :
CAclubindia
