ITC on Indirect Expenses
Aaquib Iqbal (29 Points)
15 July 2022
can a business claim itc on tax paid on indirect business expenses?
Aaquib Iqbal (29 Points)
15 July 2022
CA Dhruva Kalamanji
(Chartered Accountant )
(1996 Points)
Replied 15 July 2022
prasad Nilugal
( GST Practitioner & Accounts )
(14670 Points)
Replied 16 July 2022
In addition to above,
1) You have to fulfill all the conditions in section 16(2) of the CGST act
2) expenses should not be in blocked credit under section 17(5)of the CGST act .
3) ITC should reflect in your GSTR2B .
4) Also Can not ITC if exempt supply
CA Rashmi Gandhi
(Chartered Accountant)
(86318 Points)
Replied 16 July 2022
Imthias ahamed Kormath
(910 Points)
Replied 17 July 2022
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