Gst credit
CA.Pankaj Rawat (Chartered Accountant) (1381 Points)
15 January 2019
Can we take Input tax Credit of GST on Portfolio Management fees paid by the company??
CA.Pankaj Rawat (Chartered Accountant) (1381 Points)
15 January 2019
CA. Kuna Mohanty
(Sr. Manager (Finance) MMTC Limited )
(55 Points)
Replied 15 January 2019
A taxable person can claim Input Tax Credit on the Goods and Services Tax charged on any supply of goods and/or services to him which are used or are intended to be used, during furtherance of his business, subject to block credit mentioned under sec 17(5) of CGST Act. Therefore, it is eligible ITC if it is used or are intended to be used, during furtherance of your business.
pritesh
(CA Final student)
(7101 Points)
Replied 15 January 2019
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