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Exempt supply
Can we claim ITC on exempt goods or service?
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Quick Summary
Person can not claim ITC against exempt Goods and services.
If you are supplying both Exempt as well as taxable Goods/services, than Proposnate ITC to be reversed as calculated as per rule.
If you are supplying both Exempt as well as taxable Goods/services, than Proposnate ITC to be reversed as calculated as per rule.
You even can not claim ITC on free sample given, Goods lost, Goods used for personal use etc
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