ITC on fund-raising services is admissible for debt repayment but ineligible for subsidiary capital investment.
ITC on fund-raising services is admissible for debt repayment but ineligible for subsidiary capital investment. ITC on fund-raising services is admissible for debt repayment but ineligible for subsidiary capital investment. Issue Whether Input Tax Credit (ITC) is admissible on merchant banking services engaged for a Qualified Institutional Placement (QIP) when the funds raised are utilized… Read More »