Itc claim procedure taxable and exempt

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B.com
3025 Points Posted on 31 January 2023
A registered dealer inward supplies for taxable and outward supply for exempted transaction
question:
dealer itc claim credit procedure in gst returns.
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On 31 January 2023 at 15:58 Report
Replies (2)
Quick Summary
This discussion clarifies the procedure for claiming Input Tax Credit (ITC) on inward supplies when a registered dealer has both taxable outward supplies and exempt transactions. It addresses how to correctly account for ITC, advising against treating it as an expense and instead suggesting it be added to the cost of inward supplies.

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SEO Sai Gr. Hosp.
212447 Points Posted on 01 February 2023

Treat is as expense, or add it with cost of inward supplies itself. ..

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On 01 February 2023 at 10:08
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Chartered Accountant
86505 Points Posted on 01 February 2023
Same is not allowed, add it in the expense
1 Reply
On 01 February 2023 at 22:33

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