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Exempt supply
Can we claim ITC on exempt goods or service?
Replies (2)
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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