sir ,
iam a forien currency exchange service provider.(money exchange )
my question is ,
1.can i avail ITC on business expenses incured to setoff against Gst liability on money exchange services.?????
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ITC on foreign exchange service
Replies (2)
If Service provider opt the option to pay tax as per rule 32(2)b of CGST & SGST Rule 2017, then ITC not available.
If cover under normal provisions, then eligible for availe ITC.
If cover under normal provisions, then eligible for availe ITC.
Dear Sir,
Can you tell me where this restriction is written that ITC is not available when we have opted for Rule 32(2)(b). Regards.
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