GST On Fees By Credit Buerau

I have availed Services From Credit Bureau For Getting Information about My Company Cibil Ranking..

Can I claim this expenses as business expense and itc credit on it.

 

Replies (5)
Quick Summary
This discussion explores whether fees paid to a credit bureau for company CIBIL ranking information can be claimed as a business expense and if Input Tax Credit (ITC) is applicable. While the expense can generally be claimed, ITC may not be available if there's no direct link to output services as per Sections 30-38 of the GST Act.

Yes .Those exp can be claimed as business expenses
Yes, these are business services.
But may not be availed since those expenses are in general in nature and no linkage between output service
Sec 30 to Sec 38 it's not being claimed.
Expense can be claimed but ITC can't be availed

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