31 January 2023
a co.op hsg society raises quarterly bills which contains 1. maintenanace charges taxable 2. property tax exempt 3. water charges exempt 4. electricity charges exempt The society purchases include security bills taxable house keeping charges taxable accounting charges taxable printing and stationerytaxable how to calculate ineligible ITC? is the input credit on security charges and house keeping charges to be taken on wholly taxable services and the balance to be taken as common credit and calculated according to sec 17(2)
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