ITC in respect of Supply of Goods or Services falling under Schedule-3

24 February 2019

Shall ITC be available in respect of supplies falling under schedule-III?

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3 Replies

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 24 February 2019

Yes..........,...., No need to reverse the ITC
if the outward supplies falling Under Schedule III

prasad Nilugal ( GST Practitioner & Accounts ) (14165 Points)
Replied 24 February 2019

In scheduled III of the CGST act 2017 activities and transactions are treated as " neither supply of Goods nor services "

Vaibhav DHingra (128 Points)
Replied 25 February 2019

Agree to Pankaj sir but except in case of sale of flat after after completion certificate

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