Set off ITC
This query is : Resolved
AMIT KUMAR RATHAUR
(Querist)
23 June 2017
Hello,
Sir i have a small query... just wnt to know ITC (of service) can be set off with gst tax outward (of goods supplied )....?
pls rply
CMA Ramesh Krishnan
(Expert)
23 June 2017
Yes. you can take input, provided the Goods and Services Tax charged on any supply of goods and/or services to him which are used or are intended to be used, during furtherance of his business
AMIT KUMAR RATHAUR
(Querist)
05 July 2017
Sir,
if some one charge rent but he is individual and unrestered in Gst, in that case reverse charge will be aplicable
13 October 2021
No. only registered dealer may be required to pay it under RCM.
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