INPUT Tax Credit -
This query is : Resolved
19 September 2022
HI Friends ,
Can we take GST input tax credit in to an Asset Co ?. We are not charging GST output on our sales , our revenue exempted from GST . Can we consider GST input from on of our human resources outsource company from their invoice for staff hiring charges ? IF INPUT OUTPUT don't allow , pls help me with the notification reference aswell.
Thanks in advance
Can we take GST input tax credit in to an Asset Co ?. We are not charging GST output on our sales , our revenue exempted from GST . Can we consider GST input from on of our human resources outsource company from their invoice for staff hiring charges ? IF INPUT OUTPUT don't allow , pls help me with the notification reference aswell.
Thanks in advance
19 September 2022
Input credit not allowed on exempt supply.
https://taxguru.in/goods-and-service-tax/exempt-supplies-gst.html#:~:text=Zero%2Drated%20supplies%20and%20exemptions,treated%20as%20zero%20rated%20supplies.
https://taxguru.in/goods-and-service-tax/exempt-supplies-gst.html#:~:text=Zero%2Drated%20supplies%20and%20exemptions,treated%20as%20zero%20rated%20supplies.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Missing tan number searach procedure in income tax portal
- Capital Gain Amount
- About Exgratia bonus
- PTRC PAYMENT & RETURN FILING (Annually)
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
