ITC ON NIL-RATE SUPPLY

I am a nil-rate supplier. Can I claim ITC for bank charges?
Replies (6)
Quick Summary
This discussion clarifies whether nil-rate suppliers can claim Input Tax Credit (ITC) for bank charges. The consensus is no, you cannot claim ITC on bank charges if you are a nil-rate supplier. Nil-rated supplies are specific essential goods or services exempted by the government to serve public interest.

No... You can't claim ITC.
Thanks Raja ji
Originally posted by : Tapas Samadder
opening quote Thanks Raja ji closing quote

You are welcome Sir...

Nil rate supplier no gst
Reason??

Nil rated supplies are , certain  essential goods  or services are kept  Nil  rated  in the interest of the public by the Govt , on  the recommendation  of  the GST council . 

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