Reversal of Input Tax Credit (ITC) For Input & Input Services

The basic principal of Input Tax Credit ( ITC) under GST is the availability of credit for taxable supplies only . If some of supplies are taxable and some are exempt, the taxable person can take only proportionate input tax credit. This principle applies to input goods, input services and capital goods. As per section […]

from TaxGuru https://ift.tt/2YABAD9
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