Lalit Kumar Singh

Hasanpur, New Delhi

Freelance Contributor at Freelance

Independent Journalist | Alumni @IIMC_india , SIS @JNU_official_50 | Ex @NDTV, @bigfmindia, Ex Co-Founder @Greportindia | Views are personal | 🇮🇳

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Articles

ITC on Insurance policy & processing fees of loan against Property - ITC / Input - GST

2 weeks ago | caclubindia.com | Lalit Kumar Singh

My company owner took a Loan against property on his residential property which was ealier mortgaged to a NBFC (Hinduja Leyland). In January 2025 he decided to mortgage the same property to Bank in need of working capital required for the business. The bank has done insurance worth of Rs. 10 lakhs (Including GST) & Processing Fees of Rs. 7.50 lakhs (Including GST). Can i take the ITC on both Insruance premium & Processing fees ?
Client Asking for the Revised Invoice - Accounts - GST

Nov 24, 2024 | caclubindia.com | Lalit Kumar Singh

Dear Respected Members, We had received purchase order from one of our clients in Bangalore. The clients issued the purchase order for our Bangalore plant and by mistakes the one invoice raised by us from our Haryana Plant. Now client is asking for the credit notes and Invoice from Bangalore region. Following are the important details of the transaction: 1. Invoice has value more than 1,80,000/- 2. Ewaybill generated for the goods supplied 3.