ITC AS PER 2A 1000/-
ITC AS PER 3B ( CLAIMED) 800/-
TAXABLE SUPPLY 1000/-
EXEMPTED GOODS SUPPLY 9000/-
ITC used to Set off Tax of Taxable Supply, around 100/-
No Reversal of any ITC done.
What should be the treatment in GSTR9?
ITC AS PER 2A 1000/-
ITC AS PER 3B ( CLAIMED) 800/-
TAXABLE SUPPLY 1000/-
EXEMPTED GOODS SUPPLY 9000/-
ITC used to Set off Tax of Taxable Supply, around 100/-
No Reversal of any ITC done.
What should be the treatment in GSTR9?
What about the treatment of proportionate ITC?
If we calculate Eligible ITC for taxable supply should be 800*1000/10000 i.e rs 80/- only
However ITC claimed to set off taxable sales was 100/-.
What do you think?
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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