Easy Office
LCI Learning

Reversal under Rule 42

This query is : Resolved 

24 October 2020 Dear Sir,

High seas sale is exempt supply or Non-GST Supply ?

Whether High seas sale consider for Input reversal under Rule 42 or not ?

24 October 2020 No , Not required.High sale is covered under schedule III and as per explanation in section 17(3)
Explanation.—For the purposes of this sub-section, the expression “‘‘value of exempt supply’’ shall not include the value of activities or transactions specified in Schedule III,



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries