TaxTMI 
TaxTMI 
Input tax Credit on GST for Foreign Inward Remittance
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....nput tax Credit on GST for Foreign Inward Remittance<br> Query (Issue) Started By: - JAISIMHA GOPALARAO Dated:- 27-6-2018 Last Reply Date:- 28-6-2018 Goods and Services Tax - GST<br>Got 4 Replies<br>G....
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....ST<br>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 inp....
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....ut 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 und....
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....er 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 avail ITC of gs....
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....t 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 also you are eligib....
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....le for ITC on such charges. Reply By Ganeshan Kalyani: The Reply: Input tax credit is eligible.<br> Discussion Forum - Knowledge Sharing ....