Clarification related to Rule 43

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..... Clarification related to Rule 43
Query (Issue) Started By: - Rajesh Kumar Dated:- 15-5-2023 Last Reply Date:- 20-5-2023 Goods and Services Tax - GST
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GST
Respected sir/ madam, .....

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..... 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, I .....

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..... TC reversal or re credit can be done. Is there any provision under Rule 43 for yearly calculation also Or only monthly calculation proposed? Reply By Shilpi Jain: The Reply: Rule 43 only monthly ca .....

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..... lculation and reversal. No yearly re-calculations required.
Discussion Forum - Knowledge Sharing .....

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