Please explain that if a normal tax payer is having both taxable and exempt supplies (exports)and claimed ITC on IGST particularly from Transport services. Is the taxpayer has to restrict the ITC on such IGST claim or not, along with rule in this regard.
Sudhir Kulshreshtha
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ITC Claim .
Replies (4)
Quick Summary
Yes, The Tax payer can claim ITC for the transport.
But,
I can't get you as Exempt Supplies...
Bcoz,
Is there You supplied Exempt goods or You told export as Exempt...??
But,
I can't get you as Exempt Supplies...
Bcoz,
Is there You supplied Exempt goods or You told export as Exempt...??
Yes,export as exempt. ........
Refer sec 17(5) for blocked credit, nature of transport services not mentioned.
@ Sudhir,
Okay...
You can claim ITC...
Okay...
You can claim ITC...
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