INPUT TAX CREDIT SET OFF - TWO DIFFERENT BUSINESS
This query is : Resolved
Quick Summary
15 March 2022
An assessee has two different businesses under one GST registration. Both are fully taxable. Can we use ITC of one business to set off Outward liability of other?
CA R SEETHARAMAN
(Expert)
15 March 2022
Yes, being single registration.
15 March 2022
But department is not allowing and has issued notice to pay tax....is there any judgement or any other supporting evidence.
CA R SEETHARAMAN
(Expert)
15 March 2022
You will be filing single GST return. In such a case ITC will be clubbed and claimed.
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