GST ITC availablity

Pious Antony (15 Points)

08 June 2021  
The company has availed GST credit from TRAN1 for procuring leased asset and the same has still outstanding balance in the credit ledger. Subsequently on Jan 2020, CBIC has exempted gst on supply of lease by government undertaking. Currently company is supplying exempt supplies. My question is that whether the company needs to reverse the proportionate amount of ITC availed with the exempt supplies made?