Dear Sir
we have paid Interest to supplier by charging IGST18%, supplier has provide is debit note of the same, now can we take ITC of Igst paid.
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itc on igst paid on interest amount to supplier
Replies (4)
yes you cam claim the input...for late payment they have charged interest?
Yes , You can claim ITC
thanks for your prompt response.
sir any reference section/notification/rule ???
sir any reference section/notification/rule ???
Read section 16 & 15 conjoint (Both are CGST Act)
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