TMI Blogcredit reversalX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... company can claim gst input tax credit 100% on capital goods and packing material - Reply By Ganeshan Kalyani - The Reply = Input Tax Credit on both the items i.e. packing material and truck is eli ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gible. - Reply By CS SANJAY MALHOTRA - The Reply = Proportionate credit is eligible. Please refer to Rule 42 43 of CGST Rules . - Reply By KASTURI SETHI - The Reply = Yes. Sir. Beyond do ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ubt. When taxable and exempted both are involved, not even remote possibility of full credit is present. - Reply By Legal Raasta - The Reply = <!--td {border: 1px solid #ccc;}br {mso-data-plac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ement:same-cell;}--> 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. - Reply By YAGA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Y AND SUN - The Reply = Proportionate ITC would only be available. - credit reversal - Query Started By: - knr varma Dated:- 12-12-2017 Goods and Services Tax - GST - Got 5 Replies - GST - Discuss ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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