Reversal of ITC in case of exempted sale
This query is : Resolved
Mahabir Prasad Agarwal
(Querist)
07 August 2024
In addition to grocery sale (Exempted) to his customers in his shop, my client also supply other hardware taxable goods to Village Panchayat. Whether ITC availed on purchase of such Taxable goods can be reversed proportionately against sale of grocery items (Exempted). ?
CA R SEETHARAMAN
(Expert)
08 August 2024
Not required in case of identified exempt sale.
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