IMPORTING EXEMPTED GOODS FROM EGYPT AND SELLING IN INDIA, SO
SHIPPING CHARGES AND ETC... HAS INPUT TAX
CAN I CLAIM THAT ITC??
IF I CLAIMED , THERE IS NO UTILIZATION (ONLY SELLING EXCEMPTED GOODS), THEN WHAT DOO WITH CLAIMED ITC??
Menu
ITC CLAIM OR EXEMPTED GOODS SUPPLY
Replies (3)
Quick Summary
If your sales are exempt then no ITC can be taken
Credit attributable to exempted goods cannot be availed and hence you are not eligible to avail the credit of GST paid on shipping charges and other expenses.
Since sales relates to exempted goods, you cannot take Input tax credit( ITC)
Recent Topics :
- Capital Gain on sale of Depreciated Factory Gala
- Interesting Observation from a Recent Income Tax S
- ITR 3 Utility Not Taking Marginal Relief on Net To
- MV Electrosystems IPO Allotment Date, Status Check
- TDS payment code query
- Query on FLAIR return
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
Related Topics :
CAclubindia
