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IGST collected on service
dear sir if we collect IGST on service provided and pay to govt then is this tax paid will be available as itc if it is available then can we show itc of service provided to adjust with goods sold output gst??
Replies (1)
The IGST collected from customer and paid to Govt is your output tax.
The tax collected by your supplier and paid to Govt is input tax. You can take credit of Input tax.
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