banner_ad

ITC on foreign exchange service

ITC / Input 3960 views 2 replies
sir ,

iam a forien currency exchange service provider.(money exchange )

my question is ,

1.can i avail ITC on business expenses incured to setoff against Gst liability on money exchange services.?????
Replies (2)
If Service provider opt the option to pay tax as per rule 32(2)b of CGST & SGST Rule 2017, then ITC not available.
If cover under normal provisions, then eligible for availe ITC.

Dear Sir,

Can you tell me where this restriction is written that ITC is not available when we have opted for Rule 32(2)(b). Regards.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details