ITC on exempted supply
This query is : Resolved
Quick Summary
CA Sudeep Singh
(Querist)
26 May 2021
If a company is manufacturing goods which are exempted from payment of GST, then what would be the accounting treatment of ITC on purchases and services received for manufacturing such exempted goods.
Thanks in Advance
Thanks in Advance
CA R SEETHARAMAN
(Expert)
26 May 2021
Charge it to p and l as expenses.
CA AMIT JAKHWAL
(Expert)
27 May 2021
Support the view of Seetharaman ji.
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