07 June 2019
There are multiple divisions under one GST. Some divisions are taxable and some are exempt. Out of all, one division is corporate division which books only common professional services under which GST is paid under RCM. This Corporate division is considering 100% credit of tax paid under RCM. Query is whether we can claim that ITC considering the fact that there is no outward supply in Corporate division under GST
08 June 2019
One GST will be considered as single unit. Corporate division will not be considered separately. Proportionate ITC only can be claimed on such common services as some units are exempted.
CAclubindia
