ITC on exempted supply

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Quick Summary
This discussion addresses how to handle accumulated Input Tax Credit (ITC) on exempted supplies. It clarifies that ineligible ITC cannot be claimed. Taxpayers may be able to claim a refund of accumulated ITC by filing form RFD-01 with supporting documents, provided certain conditions under the CGST Act and Rules are met.

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Chartered Accountant
86505 Points Posted on 20 August 2022
Thanks, jokers make others laugh
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On 20 August 2022 at 23:59
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CFO- at NHTF
58280 Points Posted on 21 August 2022
Hmm ... Personal assets will be added in business balance sheet ..Best award for this kind innocent professionals
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On 21 August 2022 at 00:00
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Chartered Accountant
86505 Points Posted on 21 August 2022
If not , professionals like you definately results in raid at clients workplace.
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On 21 August 2022 at 00:02
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CFO- at NHTF
58280 Points Posted on 21 August 2022
You can do anything for revenge but same thing will come back to you ...
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On 21 August 2022 at 00:06
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Chartered Accountant
86505 Points Posted on 21 August 2022
I will never ever.
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On 21 August 2022 at 00:09
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Profession Business
28246 Points Posted on 21 August 2022
Ineligible itc cannot be claimed.
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On 21 August 2022 at 16:55

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