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Inspection bill ITC

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RAVI KUMAR

ACCOUNTANT

366 Points Posted on 17 December 2020

vendor assessment audit company given GST Invoice .This ITC is eligible or not please clarify.

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Quick Summary

This discussion clarifies whether the Input Tax Credit (ITC) can be claimed on a GST invoice received from a vendor assessment audit company. The consensus is that ITC is eligible, provided the services were procured for business purposes. This ensures businesses can reclaim taxes paid on essential audit services.