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Input Credit under reverse charge where final output is exempt, Goods and Services Tax - GST |
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Input Credit under reverse charge where final output is exempt |
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Dear Experts, I have made payments through reverse charge and paid the entire amount through cash ledger in the month of july 2017. I am providing exempt service i.e. transportation of passenger as well as taxable service. Is reverse charge paid by me can be setoff against my output tax liability. I am a transport company with a authorised service center of TATA. both are running in only one company name. please help me regarding this. Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
Proportionate credit to be reversed. Please refer to to the ITC rules
I endorse the views of shri Himanshu
Proportionate credit is eligible . Page: 1 Old Query - New Comments are closed. |
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