Gst credit
CA.Pankaj Rawat (Chartered Accountant) (1381 Points)
15 January 2019
Can we take Input tax Credit of GST on Portfolio Management fees paid by the company??
3 Replies
CA. Kuna Mohanty
(Sr. Manager (Finance) MMTC Limited )
(55 Points)
Replied 15 January 2019
A taxable person can claim Input Tax Credit on the Goods and Services Tax charged on any supply of goods and/or services to him which are used or are intended to be used, during furtherance of his business, subject to block credit mentioned under sec 17(5) of CGST Act. Therefore, it is eligible ITC if it is used or are intended to be used, during furtherance of your business.
pritesh
(CA Final student)
(7101 Points)
Replied 15 January 2019
yes you can claim..it is Not covered under blocked credit
Recent Topics
- GSTIN Suspended Form GST Reg 17
- Request for GST Clarification regarding ITC
- Is Capital Gain exemption available for Property a
- EPF CONTRIBUION BY EMPLOYER
- Letter of credit -seller procedure
- Filling form 26 QB
- RPT AND ITC ISSUE
- Tax Liability and ITC Summary related Issues
- REQUIRED FORMAT FOR AMENDMENT TO PARTNERSHIP DEED
- TDS Applicability on Hotel Room Rent Exceeding Rs
Related Threads
CAclubindia
