In case of newspaper sale, client get revenue from subscripttion (Exempt) and advertisement sale(Taxable).
Thus utilization of common ITC needs to be done on monthly basis or yearly basis.
As some month less revenue in one and some month more revenue in other, so it will give different total ITC Utilization in both (Yearly and monthly bifercation) cases.
Thanks & Regards
Menu
GST Credit Utilization : Exempt and Taxable Supply
Replies (2)
Quick Summary
Monthly basis and also final basis at the end of FY
If we do on Yearly / monthly basis, both gives different amount, so which amount do we need to consider.
Recent Topics :
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
Related Topics :
CAclubindia
