ITC on Bank Charges
G Venu Prasad (GM) (78 Points)
15 October 2019Thanks.
G Venu Prasad (GM) (78 Points)
15 October 2019
pavan kalyan
(student)
(4 Points)
Replied 15 October 2019
Shivam RC
(Student)
(23683 Points)
Replied 15 October 2019
subhagan sreerangam
(7040 Points)
Replied 17 October 2019
DCCTAUDIT1 HUBLI
(2 Points)
Replied 21 June 2023
GST ITC on all types of expenses/goods/services "used in the course or furtherance of business" can be claimed in accordance with the Provision of Section 16(1) of the CGST Act 2017. Yes, I agree with this.
But, if a tax payer obtains Bank Guarantee to produce before the GST authority to postpone recovery of his dues of which he has questioned the same before appellate authority? Providing the BG to postpone government dues is coming under the purview of "Furtherance of Business"?
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)