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Itc laps

ITC / Input 392 views 5 replies
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11 Points Posted on 02 August 2018
sir,
it is true all credit ITC laps before 31/07/18 in Textile industry.

Regards,
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On 02 August 2018 at 16:55 Report
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Chartered Accountant
12739 Points Posted on 02 August 2018

NO NOT AS SUCH 

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On 02 August 2018 at 16:59
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802 Points Posted on 02 August 2018
yes...but there is no any notification regarding it
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On 02 August 2018 at 17:20
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GST Practitioner
55067 Points Posted on 02 August 2018
Yes there is notification 20/2018 CT (R) St. 26/7/2018

yes ITC lying unutilized will be laps before 31/07/2018, means you cannot c/f the same to 1/8/2018
As from 1/8/2018 the textile industry is liable to take refund under Inverted Tax Structure for unutilized ITC
2 Reply
On 02 August 2018 at 19:29
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24196 Points Posted on 02 August 2018
Well explained Pankaj sir....
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On 02 August 2018 at 23:14
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GST Practitioner
55067 Points Posted on 04 August 2018
Thanks Vinod Ji
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On 04 August 2018 at 10:15


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