ITC CREDIT OF EXEMPT SUPPLIER OF SERVICE

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51 Points Posted on 08 December 2020
how a exempt supplier of service( mostly inland water transport) can taken credit of input gst
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On 08 December 2020 at 10:04 Report
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This discussion clarifies that exempt suppliers of services, such as those in inland water transport, generally cannot claim Input Tax Credit (ITC) for GST paid on their inputs. According to Section 17(3) of the CGST Act, ITC is not available for exempt supplies, and this credit cannot be claimed as a refund.

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Accountant
3662 Points Posted on 08 December 2020
You can not claim ITC (Your exempt supplies is exempt)
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On 08 December 2020 at 10:56
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51 Points Posted on 08 December 2020
Can I claim the itc credit as refund
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On 08 December 2020 at 11:43
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Accountant
3662 Points Posted on 08 December 2020
No......
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On 08 December 2020 at 13:05
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Chartered Accountant
86505 Points Posted on 17 January 2021

NO ITC AVAILABLE AS PER SECTION 17(3) OF CGST ACT,

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On 17 January 2021 at 13:27

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