Itc on freight charge 5%

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52 Points Posted on 16 July 2020
itc on freight charge 5% is allowable
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On 16 July 2020 at 15:50 Report
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Quick Summary
This discussion confirms that claiming 5% Input Tax Credit (ITC) on freight charges is indeed allowable. It clarifies that this ITC can be taken, including on freight charges subject to a reverse charge mechanism. Businesses can therefore avail this credit.

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776 Points Posted on 16 July 2020
Yes. ITC on freight charge is 5%
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On 16 July 2020 at 15:57
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52 Points Posted on 16 July 2020
We can take itc on freight charge on 5%
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On 16 July 2020 at 16:22
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"Do the Right Thing...!!!"
77792 Points Posted on 16 July 2020
Yes... ITC can be taken.
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On 16 July 2020 at 16:58
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1708 Points Posted on 16 July 2020
Yes you may avail the ITC
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On 16 July 2020 at 18:48
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52 Points Posted on 16 July 2020
Itc on. reverse charge can b taken on 5%
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On 16 July 2020 at 18:55

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