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GST credit for IPO expenses

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(Querist)
07 November 2017 Sir, Is GST credit available for share issue and listing expenses incurred in connection with IPO?
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Udaya Chandran

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Udaya Chandran (Expert)
08 November 2017 As per my opinion, since it is related to business activity. ITC is available.
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Dibin Divyakumar

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Dibin Divyakumar (Expert)
08 November 2017 Haven't come across any specific restrictions on availability of ITC in this case, So I think you can avail the credit.
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Anu K S

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Anu K S (Querist)
08 November 2017 However, the intention of indirect taxes is that tax must be suffered by the ultimate consumer. In this case, the issuing company is the ultimate consumer. From this point, can ITC be claimed?

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