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ITC Reversal as per Rule 42

Goods and Services Tax - Started By: - LAKSHMINARAYANAN TR - Dated:- 1-3-2018 Last Replied Date:- 3-3-2018 - If more than one business vertical are under same GSTIN itself, while applying Rule 42 for ITC Reversal- Total Turnover of entire GSTIN to be .....

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an we use the following Common ITC (of Hotel Vertical) * Exempted Supply in Hotel Vertical - Total Supply of Hotel Vertical Or We have to consider the Total supply of all vertical (for the denominator) Experts advice Please. - Reply By Ganeshan Kalya .....

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reiterate with clear examples. All the verticals are registered under the one GSTIN only.Say turnover of each vertical is ₹ 10L each. Total Sales ₹ 30L.Plastic unit is fully exempt. No ITC availed all inputs and input services of Plastic .....

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