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Penalty paid under GST

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3 Points Posted on 24 August 2018
Penalty paid under Gst is eligible for ITC claim.
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On 24 August 2018 at 15:18 Report
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Chartered Accountant
12739 Points Posted on 24 August 2018

yeh cholbey nahi 

not allowed at alll 

40 Reply
On 24 August 2018 at 15:23
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CA
609 Points Posted on 24 August 2018
penalties and interest paid for late filing not eligible for claiming ITC
6 Reply
On 24 August 2018 at 15:32
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Chartered Accountant
12739 Points Posted on 24 August 2018

yes agreed !!

40 Reply
On 24 August 2018 at 15:34
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3 Points Posted on 24 August 2018
Penalty paid U/s 129(1)(a) of the GST is eligible for ITC claim.
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On 24 August 2018 at 15:46
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Student
23688 Points Posted on 24 August 2018
No Sir.....

As per the Provision of SECTION 17(5)(i) of the CGST Act 2017, penalty paid u/s 129 is not eligible for ITC. It is a Blocked Credit.
97 Reply
On 24 August 2018 at 19:52


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