Itc/refund of gst paid on reverse charge basis

CA Akhilesh Kumar Kandpal

Proprietor A K Kandpal & Associates

1442 Points Posted on 08 August 2017

cont.....
than proportionate credit is allowed...but since your 100% supply is exempted hence nothing will be refunded.

AK SHARMA

C.A.

110 Points Posted on 08 August 2017

Thank you very much for your observations and patience.

NITIN KOTAK

SERVICE

1465 Points Posted on 08 August 2017

when your outward supply is exempted or out of scope of current regime, you have to pay as a expense, no ITC claim or refundable.

CA Deepak jain

Tax Consultant

84 Points Posted on 10 August 2017

You cant avail credit of GST as your supply does not come under preview of GST. First condition to iavail credit of GST is output liability should be there.

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CA Akhilesh Kumar Kandpal

AK SHARMA

NITIN KOTAK

CA Deepak jain

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