How the gst charged on goods purchased by trust (which exempt form gst registration) will be treated?? How can trust can claim itc
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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
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