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ITC on taxable goods subsequently such goods comes under exempted
I have GST ITC on taxable goods, but then taxable goods come under exempt goods. Then please clarify whether I can use ITC (earlier on taxable goods) against other taxable items or reverse ITC.
Replies (2)
As per Section 18(4) of CGST Act, you have to reverse the Input credit as prescribed in the said section. Please go through the section.
Thank you sir
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