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.