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Can the GSTIN claim / avail ITC on chit commission paid to chit fund company which is reflecting in

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(Querist)
19 March 2024 Good morning sir/s,

can the GSTIN claim / avail ITC on chit commission paid to chit fund company which is reflecting in GSTR2A
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 March 2024 Yes, in case the funds are utilised for the business for which GST is applicable.

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