credit reversal

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..... credit reversal
Query (Issue) Started By: - knr varma Dated:- 12-12-2017 Last Reply Date:- 26-12-2017 Goods and Services Tax - GST
Got 5 Replies
GST
manufacturing company manufacturing ta .....

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..... xable and exempted goods(exemple. PAPPAD) , company purchased capital goods( Truck for transporting goods Gst 28%+Cess), packing material ( Gst 18%). above case company can claim gst input tax credit .....

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..... 100% on capital goods and packing material Reply By Ganeshan Kalyani: The Reply: Input Tax Credit on both the items i.e. packing material and truck is eligible. Reply By CS SANJAY MALHOTRA: The R .....

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..... eply: Proportionate credit is eligible. Please refer to Rule 42 & 43 of CGST Rules. Reply By KASTURI SETHI: The Reply: Yes. Sir. Beyond doubt. When taxable and exempted both are involved, not even .....

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..... remote possibility of full credit is present. Reply By Legal Raasta: The Reply: Every person registered under GST has to furnish the details of sales, purchases, and tax paid and collected thereo .....

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..... n by filing GST return monthly/quarterly. Reply By YAGAY AND SUN: The Reply: Proportionate ITC would only be available.
Discussion Forum - Knowledge Sharing .....

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