The raw cotton is purchased by the applicant from agriculturist ...
Case Laws GST
October 21, 2019
The raw cotton is purchased by the applicant from agriculturist and tax @ 5% is paid under Reverse Charge Mechanism by him. They are eligible for claiming of ITC as per Section 16, however, the credit is to be restricted to the extent of input tax attributable to the taxable supplies including zero rated and has to reverse the amount of input tax attributable to the exempted supply i.e. Cotton seed oil cake in terms of Section 17 (2) of GST Act, 2017.
View Source
9911796707
