ITC ON EXEMPT SUPPLY
This query is : Resolved
29 January 2020
We have a Petrol Pump business and sell Petrol & Diesel only, which are Non GST items. Every month we receive and pay bills for Rent, Repair, Stationery etc on which GST is charged. We don't claim any ITC on these bills. Now my question is, how should I show it GSTR 3B ? (Presently I do not show it in any return)
30 January 2020
you don't have to show it in 3B.
31 January 2020
Sir...but some one has told me that we should first show all ITC in "Eligible ITC" and then show them as reverse in "ITC reversed under rule 42".
31 January 2020
No that will not be correct treatment.
01 February 2020
Thank you ..sir...!!
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
