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...!!
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