Proportionate Reversal of ITC

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..... A commercial Cooperative Society is paying municipal tax to the corporation, the land of the society being a leased land paying charges to district collector etc. and recovering the same from the memb .....

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..... ers at actuals. This being exempted supply they are not required to pay GST on it. But in that case, are they required to proportionately reverse the ITC which they are claiming? - Reply By KASTURI S .....

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..... ETHI - The Reply = Proportionate reversal is required. - Proportionate Reversal of ITC - Query Started By: - Kaustubh Karandikar Dated:- 18-8-2020 Goods and Services Tax - GST - Got 1 Reply - GST - .....

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..... Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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