ITC availability on zero rate tax

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7 Points Posted on 09 February 2023
ITC availability on zero rate tax
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On 09 February 2023 at 16:23 Report
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Quick Summary
In GST, when supplies are zero-rated (made without payment of tax), any unutilised input tax credit (ITC) paid on inputs or input services is refunded. However, it's important to note that ITC is not available on zero-rated goods themselves.

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SEO Sai Gr. Hosp.
212441 Points Posted on 10 February 2023

Wherever the supplies are Zero Rated in GST, are made without payment of tax, the taxes paid on the inputs or input services i.e. the unutilized input tax credit is refunded.

 

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On 10 February 2023 at 09:28
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Profession Business
28246 Points Posted on 13 February 2023
Itc is not available on zero rated goods .
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On 13 February 2023 at 10:30

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