INPUT Tax Credit -
This query is : Resolved
Nandu Nanthen
(Querist)
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
CA R SEETHARAMAN
(Expert)
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.
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