Please tell me whether ITC can be taken by a sports company for the below transactions-
1.payment to other company for a course given to our students.It is for business purpose.
2. payment for purchase of sports equipment.
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Sports company eligibility to take ITC.
Replies (2)
Yes in both the case .
Make sure that you have the Tax invoice for the same & same is reflected in your GSTR 2A. (Refer Section 16 & Rule 36(4) of CGST Act)
Make sure that you have the Tax invoice for the same & same is reflected in your GSTR 2A. (Refer Section 16 & Rule 36(4) of CGST Act)
Yes , it is reflected in 2a fully
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