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GST - Highlights / Catch Notes

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Reversal of ITC (GST) - Manner of determination of input tax ...

GST

November 17, 2017

Reversal of ITC (GST) - Manner of determination of input tax credit in respect of capital goods and reversal thereof in certain cases - Supply of services having place of supply in Nepal or Bhutan shall not be considered as Exempted supplies - See amended Rule 43

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  4. Reversal of input tax credit - Shortage of material - Whether the input tax credit availed can be adjusted towards output in respect of goods which are not sold - held No - HC

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  8. CENVAT credit - input sold as such - there is no provision for reversal of credit of service tax on return of goods - AT

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  10. Input Tax Credit - Reversal / refunding of ITC - the Integrated Goods and Service Tax (IGST) was not paid and ‘NIL’ return had been filed by the seller but the...

 

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