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itc on exempt business
Whether itc on goods or assets purchased by a dairy firm is eligible???
Replies (4)
No... ITC not available for Exempted Supplies under GST.
No ITC is available for personal purchases or for capital goods used in exempted sales. This will be indicated in FORM GSTR-2 and shall not be credited to the electronic credit ledger.
whether itc should be availed and then reversed in gstr 3b ??? or we would not show any details in gstr 3b
Not required to do so...
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