input credit
Alok K Singhal (5 Points)
22 July 2017of GST applicable products please clarify
Alok K Singhal (5 Points)
22 July 2017
RAMESH D MODI
(Proprietor)
(4864 Points)
Replied 22 July 2017
Udaya Chandran
(Manager - Accounts & Taxation)
(6502 Points)
Replied 03 March 2018
No ITC is available on supply of exempted goods.
Vinayak Hegde
(CA)
(154 Points)
Replied 03 March 2018
Refund can be claimed on situations like zero rated supply, export of services, rate difference (output rate less, input rate more) etc. In case of exempted supplies, input cannot be claimed.