0 rated out put tax...
This query is : Resolved
Pankaj Sarkar
(Querist)
31 July 2017
dear sir, can we take input tax credit/get refund if we sales..1. 0 rated taxable goods. 2. exempted good sold.
plz suggest on two above cases
thanks
pankaj
CA R SEETHARAMAN
(Expert)
31 July 2017
You can take input tax credit/get refund if you sales..1. 0 rated taxable goods(sale to export).
You can't take credit/ refund 2. exempted good sold.
You can't take credit/ refund 2. exempted good sold.
Pankaj Sarkar
(Querist)
31 July 2017
sir thanks..but what for SGST and IGST sales
Pankaj Sarkar
(Querist)
31 July 2017
will we be considered as ultimate customer for purchase and not get ITC
CA R SEETHARAMAN
(Expert)
31 July 2017
For the second query yes you will be considered as ultimate consumer.
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