Input tax credit against output tax nill rated
This query is : Resolved
Prashant Pawar
(Querist)
18 April 2019
Dear Sir,
We are Cattle feed Manufacturer Our 99.5% Sale Nill Rated only 0.5% scrape sale wastage bags in taxable.
more then 60 % Input purchase taxable.Can we liable for ITC ? Please Guide us.
We are Cattle feed Manufacturer Our 99.5% Sale Nill Rated only 0.5% scrape sale wastage bags in taxable.
more then 60 % Input purchase taxable.Can we liable for ITC ? Please Guide us.
CA R SEETHARAMAN
(Expert)
19 April 2019
As your sales is exempt from GST you can't claim ITC.
Prashant Pawar
(Querist)
19 April 2019
ohhh... Thank You Sir....
CA R SEETHARAMAN
(Expert)
19 April 2019
You are welcome.............
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