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ITC claim

ITC / Input 163 views 4 replies
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45 Points Posted on 17 September 2018
Can we Cliam the input of GST which deducted on business loan processing charges???
Please give any links regarding this.
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On 17 September 2018 at 17:02 Report
Replies (4)
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Student
3193 Points Posted on 17 September 2018
Yes you can, as you have taken loan in course and furtherance of business
1 Reply
On 17 September 2018 at 17:09
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24196 Points Posted on 17 September 2018
Yes, you can take ITC but it should be reflected in Gstr2A.
1 Reply
On 17 September 2018 at 17:44
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GST Practitioner
55067 Points Posted on 17 September 2018
Yes as per section 16 CGST Act :
You must have the Tax Invoice
you must have reced the services
And its in course & Furtherance of business.

Kindly take the Tax Invoice from supplier
1 Reply
On 17 September 2018 at 20:43
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24196 Points Posted on 17 September 2018
Precise answer... Pankaj ji.
2 Reply
On 17 September 2018 at 20:47


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