Greetings All !!!!!
Sir,
My question is regarding (GST charged on term loan interest) ITC to be claimed or not if any company dealing in Non GST items
Meghraj Ojha (Accountant) (60 Points)
29 October 2021Greetings All !!!!!
Sir,
My question is regarding (GST charged on term loan interest) ITC to be claimed or not if any company dealing in Non GST items
CA Aakarsh Jain
(CA)
(10336 Points)
Replied 31 October 2021
CA Altamush Zafar
(GST Consultant)
(15961 Points)
Replied 31 October 2021
GST is exempt on interest on loan.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 31 October 2021
Meghraj Ojha
(Accountant)
(60 Points)
Replied 03 November 2021
Our company is already registered in GST but dealing in non GST/exempt items...
CA Altamush Zafar
(GST Consultant)
(15961 Points)
Replied 03 November 2021
@ Meghraj Ojha
You can either continue with your registration or you can apply for cancellation of your registration. It's at your option.
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