Unutilised itc
This query is : Resolved
03 October 2017
WE ARE REGISTERED IN GST DEALING ONLY IN EXEMPTED GOODS.
SO ITC CANNOT UTILIZED
WEATHER, WE SHOULD NOT REQUIRE TO PAY GST ON RCM BASIS ON GTA SERVICE TAKEN
OR, WE SHOULD CLAIM FOR REFUND OF UNUTILISED ITC ACCUMULATED DUE TO RCM ON GTA SERVICE
WHAT IS THE LEGAL POSITION ON THIS REGARD
SO ITC CANNOT UTILIZED
WEATHER, WE SHOULD NOT REQUIRE TO PAY GST ON RCM BASIS ON GTA SERVICE TAKEN
OR, WE SHOULD CLAIM FOR REFUND OF UNUTILISED ITC ACCUMULATED DUE TO RCM ON GTA SERVICE
WHAT IS THE LEGAL POSITION ON THIS REGARD
03 October 2017
YOU ARE REQUIRED TO PAY GST ON RCM BASIS ON GTA SERVICE TAKEN, YOU ARE NOT ELIGIBLE TO CLAIM FOR REFUND OF UNUTILISED ITC ACCUMULATED DUE TO RCM ON GTA SERVICE AS YOU ARE DEALING IN EXEMPT GOODS.
03 October 2017
IF NOW WE START DEALING IN TAXABLE GOODS, THEN WEATHER WE WILL ELIGIBLE FOR CLAIM REFUND OF UNUTILISED ITC OR NOT?
03 October 2017
You can claim ITC on RCM paid in future related to taxable goods.
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