Hi All,
Suppose a manufacturing concern, manufacturing Rubber Products avails an overdraft facility from a bank. The bank, as usual, charges processing fees on the application. It also charges od/cc charges charges regularly.
So my query over here is can this organization avail Input Tax Credit on GST paid on Processing fees OD/CC charges/NEFT Charges/Bank Charges/any other charges where GST is collected from us
Expecting a reply from you.
CAclubindia
