If a firm registered under this Act purchases taxable goods, & taking taxable services, & manufacturing a product exempted under this Act.
Can Input Tax credit be claimed ?
& if yes how ?
If goods are taxable at the time of purchase and now exempt on the sale. What will be the treatment of ITC paid on purchase. Qoute with section or rule
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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