itc on gst levied by bank charges

ITC / Input 235 views 3 replies
whether an electricity distribution company can claim itc from gst levied on bank charges by its bankers
Replies (3)
if it is related to furtherance to your business. you can avail.
what is meant for furtherance of business
Every registered person shall, subject to such conditions and restrictions as may be prescribed and in the manner specified in Section 49, be entitled to take credit of input tax charged on any supply of goods or services or both to him which are used or intended to be used in the course or furtherance of his business and the said amount shall be credited to the electronic credit ledger of such person.


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