sir
am a exporter ,recently i sold import licence to someone.
question is
can utilize my ITC (purchase of rawmaterial for export sales and other expenses ) to payment of import license sales liability ??
Menu
ITC availment
Replies (1)
Yes you can setoff the liability of licence sale against availed ITC from purchase of Raw Material
Recent Topic
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
Related Topics
CAclubindia
