Can I claim GST input credit on expenditure incurred for Buyback of Shares (Consultancy, filings etc.)?
Rakesh Rao (CA Final Student) (406 Points)
12 June 2018Can I claim GST input credit on expenditure incurred for Buyback of Shares (Consultancy, filings etc.)?
CA Padmasri Manyam
(CA in Practice)
(1340 Points)
Replied 12 June 2018
Buy back of shares is not taxable supply under GST and it is not outward supply for you to reverse credit.
ITR 1 and ITR 4
GST Practitioner Certificate Course 36th Batch