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ITC claim

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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4 Replies

Rohit Tibrewal (Student & Senior Accountant) (3193 Points)
Replied 17 September 2018

Yes you can, as you have taken loan in course and furtherance of business

1 Like

Vinod Babu (24191 Points)
Replied 17 September 2018

Yes, you can take ITC but it should be reflected in Gstr2A.

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Pankaj Rawat (GST Practitioner) (55037 Points)
Replied 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

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Vinod Babu (24191 Points)
Replied 17 September 2018

Precise answer... Pankaj ji.

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