How the gst charged on goods purchased by trust (which exempt form gst registration) will be treated?? How can trust can claim itc
Menu
GST for Trusts
Replies (5)
When there is no GST registration, there is no question of claiming ITC.
so it become part of cost??
yes it will became part of cost.
When trust is not liable to pay GST, it cant seek refund of GST. What good will you do even if you avail the ITC? So the logic is clear, claim that as expense.
Totally, pure expenditure it will be
Recent Threads
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
- Share sale by promoter of public limited company
- Individual working for a firm to take sales orders
- BIN view site not working
- Settlement of advance by customer
- GST chow cause notice
- Un claim ITC
- Form 49AA - OCI card holder applying for PAN card
Related Threads
CAclubindia
