ITC Adjustment process

mera exempted goods ka export karata hu but m taxable goods v purchase karata hu unreg.. party se to mera taxable goods ka jo output hoga use kya m export wala ITC se setoff kar sakata hu plzz.. suggest...me
Replies (3)
Quick Summary
This discussion clarifies the process of adjusting Input Tax Credit (ITC) in India. Even if you export exempted goods, you can still use the ITC generated from those exports to offset your tax liability on taxable goods. There are no restrictions preventing you from setting off your export ITC against any output tax liability.

Yes, app apne taxable goods ka output, export vale goods ke ITC ke samane set off kar sakate ho. there is no restriction regarding Same.
But export m exempted goods ka karat hu or output mere taxable goods ka hai sir
It doesn't make any difference.
App apna ITC apni koe bhi output liability ke samane set off kar sakate ho. without any restriction.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register