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ITC on forex conversion tax
dear sirs, can we take ITC on GST forex conversion tax
Replies (2)
Banking services are in course and also for furtherance of business, as, the same is not specifically restricted under Section 17(5) of CGST Act,2017, therefore, ITC is available.
Our experts may correct me if mistaken
Our experts may correct me if mistaken
Yes you can claim ITC , if it satisfied the condition prescribed in section 16 of CGST Act
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