Sir/ Madam,
How to calculate input tax credit in gst at the time of exempted and taxable outward supply for eg.exempted supply 2L and Taxable supply 3L, opening input in Igst 1L this month igst 50K, cgst 25k, sgst 25k pls clarify the doubt sir
Menu
How to Input tax calculation
Replies (4)
you can claim the ITC used of inputs used for taxable supply.
you can not claim the ITC used of goods used in supply of exempted products, you can find ITC of exempt goods by based on proportionate of turnover
ITC (exempted supply) = (Exempted T.O * Common credit) / Total T.O
Sir,
How to bifercation of input tax I.e.igst,cgst,sgst
How to bifercation of input tax I.e.igst,cgst,sgst
Chirag sir common credit meab
Sir,
How to calculate common credit pls clarify sir
How to calculate common credit pls clarify sir
Recent Topic
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
Related Topics
CAclubindia
