ITC OF RCM PAID ON GTA SERVICES AVILED ON NON TAXABLE SUPPLY

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..... Dear Sir , We are supplier of Taxable Exempt Product . We are paying RCM on GTA services availed for inputs of both type of supplies. Kindly suggest us can we take ITC of RCM paid for both .....

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..... types of supplies. - Reply By KASTURI SETHI - The Reply = Under RCM, first you will pay in cash. Proportionate ITC is eligible. - Reply By PAWAN KUMAR - The Reply = rightly explained by kasturi .....

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..... sir. refer section 17 (2) cgst act . itc avalable for taxable supplies only not exempted. - Reply By Mahadev R - The Reply = To the extent possible identify the bills separately for taxable and .....

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..... exempted goods. Full ITC is eligible for taxable clearances. Full credit ineligible for exempted clearances. Wherever not identifiable or common, ITC can be claimed based on turnover ratio. - ITC O .....

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..... F RCM PAID ON GTA SERVICES AVILED ON NON TAXABLE SUPPLY - Query Started By: - DHARMENDRA SONI Dated:- 24-12-2018 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sha .....

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..... ring, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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