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TMI BlogInput tax Credit on GST for Foreign Inward RemittanceX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, We provide Export of Services as well we provide domestic Services. We receive proceeds in foreign currency for exports. Banker charge Bank charges and also GST @ 18%. Can we take input ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... credit on the same. - Reply By Alkesh Jani - The Reply = Sir, In my point of view, banking services are in course and also for furtherance of business, as, the same is not specifically restricted u ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nder Section 17(5) of CGST Act,2017 , therefore, ITC is available. Our experts may correct me if mistaken Thanks - Reply By Rajagopalan Ranganathan - The Reply = Sir, You are eligible to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... avail ITC of gst paid by the bank. - Reply By YAGAY and SUN - The Reply = Since such deductions by the banks are related to your export business and in furtherance of Business therefore in our view ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... also you are eligible for ITC on such charges. - Reply By Ganeshan Kalyani - The Reply = Input tax credit is eligible. - Input tax Credit on GST for Foreign Inward Remittance - Query Started By: - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... JAISIMHA GOPALARAO Dated:- 27-6-2018 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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