ITC on Loan Prepayment Charge

Can I claim ITC on Loan Prepayment charges ?
Replies (5)
Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) can be claimed on loan prepayment charges. The consensus is that ITC is claimable if the loan is a business-related expense. However, it is subject to the conditions outlined in Section 16 of the CGST Act.

Yes...if loan is business loan
Are you sure
Yes if this is business related expenses then only you can take it for sure.....
Yes the ITC can be claimed in subject to conditions prescribed in Section 16 of CGST Act

Can I claim ITC on Loan Prepayment charges , I have taken Loan Against Property now I want pay prepayment. Can I claim ITC or not.

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details