Reversal of Input Tax Credit (ITC) in respect of Capital Goods

1. The CBIC vide Notification No. 16/2020- Central Tax dated March 23, 2020 has amended CGST Rules 43 . This rule applies for ITC reversal in respect of capital goods if the said capital goods used for producing supplies partly for exempted/ non business purpose and partly for  taxable / business purpose supplies . 2. Before […]

from TaxGuru https://ift.tt/2zAZHXR
via gqrds

Comments

Popular posts from this blog

Caution Compliance Companies continues to con Florida corporations

GST ON TOUR OPERATORS AND AIR TRAVEL AGENTS

Consequences of incorrect invoice details uploaded while filing GSTR 1