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ITC OF GTA
when GTA purchased CG for his business, that time he was paid GST and he has now ITC of that CG but if he adopt the RCM then he can't take credit of his ITC. does he has any benefit about this ITC in income tax or GST also ??
Replies (2)
i think he can opt for 12% with itc in the begining of fy......
if any GTA wants to take ITC, he must opt 12% GST rate
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