ITC on clearing agents bills for high seas sales eligibility
Query (Issue) Started By: – Madhavan iyengar Dated:- 6-2-2019 Last Reply Date:- 11-2-2019 Goods and Services Tax – GST
Got 4 Replies
GST
Where goods are purchased and sold on highseas basis ( which is treated as no supply post 01\/02\/2019) is the GST credit of clearing agent charges, eligible to be taken
\nReply By KASTURI SETHI:
\nThe Reply:
\nIn my view, ITC is eligible . Clear Agent 's Service is independent of 'No Supply' activity.
\nReply By Mahadev R:
\nThe Reply:
\nI concur with Kasturi Sir.
\nAfter the amendment now, for the purpose of Section 17 which restricts ITC on exempt supply, the expression ''value of exempt supply'' shall not includ<\/p>\n
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