Easy Office
LCI Learning

Accumulated ITC when ECO collects taxes under 9(5)

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 February 2022 What about the ITC accumulated in case of travel agents providing through e commerce operator where ECO are liable to pay tax from 01.01.2022 but ITC is accumulated in suppliers account. They don't have any outward supply against which ITC can be set off
Profile Image

Lekhraj sood

Profile Image

Lekhraj sood (Expert)
02 February 2022 This change is applicable only for resraurant service like Zomatto,swiggy etc. and not for other services provided through ECO.
Profile Image

CA Reema Sonigra Mehta

Profile Image

CA Reema Sonigra Mehta (Querist)
02 February 2022 Yes but the same applies to Restaurants as suppliers too. Also the change has been incorporated to included motor vehicle



Profile Image

CA Altamush Zafar

Profile Image

CA Altamush Zafar (Expert)
02 February 2022 Since you have no outward taxable liabilities then how can claim ITC?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links