A capital good was purchased for a restaurant business which was unutlised till 23rd gst council meeting (where rate of output supply was reduced to 5% from 18%)
now assesee was unable to utilise tax. Can he claim refund of such ITC ?
Menu
Itc accumulated in restaurant business
Replies (4)
| Originally posted by : Piyush Moriani | ||
 |
A capital good was purchased for a restaurant business which was unutlised till 23rd gst council meeting (where rate of output supply was reduced to 5% from 18%) now assesee was unable to utilise tax. Can he claim refund of such ITC ? |
 |
No
means whole ITC will Lapse?
| Originally posted by : Piyush Moriani | ||
|
means whole ITC will Lapse? | |
Yes untill claimed
No you cannot claim refund
Recent Topics :
- Omitted sales shown in GSTR-1 Table 14 but not in
- EWAY BILL TAKE OUT OF OTHER COMPAMY
- Penalty & late fee for late ITR filing
- Business discontinued as Government took possessio
- Which Aviation Services Can Air Ticketing Professi
- Section 87A
- GST on Transport
- Which software to buy
- Property Selling and buying
- Office Management System
Related Topics :
CAclubindia
