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credit reversal, Goods and Services Tax - GST |
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credit reversal |
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manufacturing company manufacturing taxable and exempted goods(exemple. PAPPAD) , company purchased capital goods( Truck for transporting goods Gst 28%+Cess), packing material ( Gst 18%). above case company can claim gst input tax credit 100% on capital goods and packing material Posts / Replies Showing Replies 1 to 5 of 5 Records Page: 1
Input Tax Credit on both the items i.e. packing material and truck is eligible.
Proportionate credit is eligible. Please refer to Rule 42 & 43 of CGST Rules.
Yes. Sir. Beyond doubt. When taxable and exempted both are involved, not even remote possibility of full credit is present.
Every person registered under GST has to furnish the details of sales, purchases, and tax paid and collected thereon by filing GST return monthly/quarterly.
Proportionate ITC would only be available. Page: 1 Old Query - New Comments are closed. |
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