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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
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