Hello All,
I have recently purchased a commercial vehicle and paid GST of 28% . One of my friend says if we apply for reversal(He is not sure what it is) but that 28% will be credited back to me. Is any way to claim the paid GST.
Kindly guide us on this.
We are using for
(ii) for transportation of goods;
Can you pls explain more about ITC and its benefits.
Dear
I have already replied on your query earlier
If you are GTA then only can avail ITC if you charge 12% GST on your outward supplies
If tranporter then your services are exempted , so cannot avail ITC on your inward supply
N N V Satish & Co.,
Hyderabad
CA Inter
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Arpan Bohra & Co
Hyderabad
CA Inter
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CCI
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