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GST INVOICE TAXABLE & EXEMPTED IN SAME FINANCIAL YEAR
Whether a party may issue a taxable invoice or exempted invoice for its services ( transportation) in same financial year?
Replies (3)
Quick Summary
Yes, No issue
We can take ITC of GST?
Yes, you can take ITC only on taxable supplies not exempted supplies
You are also required to reverse ITC for common GST
You are also required to reverse ITC for common GST
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