What to do of Input if output is not there
This query is : Resolved
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CA Parul Saxena
(Querist)
11 January 2021
A co has only GST Input...exempt supplies are tthere like rent of residential properties...what to do of thisGST Input?
CA R SEETHARAMAN
(Expert)
11 January 2021
Charge input GST as expenses in p and l account.
Lekhraj sood
(Expert)
12 January 2021
How? You can not claim ITC for making exempt supplies.
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