18% CA bill itc available? 18% shop Glowsign board itc available?
Replies (5)
Quick Summary
This discussion clarifies the eligibility of Input Tax Credit (ITC) for professional invoices and shop signboards under GST. Generally, ITC is available for both, provided the four conditions under Section 16(2) of the CGST Act are met. If professional bills are issued without GST, reverse charge may apply. While some may incorrectly treat signboards as additions to buildings, ITC should typically be claimable.
Yes its eligible, only thing if any professional bills without gst we have to ok pay reverse charge, if itc in invoice you availed the input. for signboard also itc eligible
Input Tax Credit ( ITC ) for both Professional Services and Glowsign Board is available. There is no such restrictions with regard to these items. However ensure that all the FOUR CONDITIONS as laid down U/s 16(2) of the CGST Act 2017 for claiming ITC has been satisfied.