A single assessee is engaged in multiple businesses. GST is applicable on all of them. Can GST credit on inputs of one business be utilised against output GST of another business?
No, if the businesses are not related to each other, ITC of one cannot be used for another because each Business will have a different PAN and GST is PAN based.
Example - Comp A is doing business of providing PMC service and also doing trading business of Furniture. GST is applicable on PMC and Furniture both. Can GST paid on inputs use for providing PMC service be use for GST payable on Furniture business or vice versa. Pls reply
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