TMI - Tax Management India. Com
Follow us:
      Share on facebook   Share on twitter   Share on linkedin   Share on linkedin
Discussions Forum
Home Forum Goods and Services Tax - GST This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

Clarification related to Rule 43, Goods and Services Tax - GST

Issue Id: - 118529
Dated: 15-5-2023
By:- Rajesh Kumar
Clarification related to Rule 43

  • Contents

Respected sir/ madam,

Please inform as per the provisions of Rule 42, the proportionate reversal of ITC to be done on monthly basis and at the end of the financial year , yearly calculation also to be done. Accordingly, ITC reversal or re credit can be done.

Is there any provision under Rule 43 for yearly calculation also Or only monthly calculation proposed?

Post Reply

Posts / Replies

Showing Replies 1 to 1 of 1 Records

Page: 1

1 Dated: 20-5-2023
By:- Shilpi Jain

Rule 43 only monthly calculation and reversal.

No yearly re-calculations required.

Page: 1

Post Reply