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ITC related query

ITC / Input 133 views 5 replies
how long time will be carry forward our ITC related textile sector Chapter 50 to 55 and 60....
Replies (5)
Can be setoff againts exepenses

EITHER SET OFF OR CARRY FORWARD 

AND IF THERE IS INPUT MORE THAN OUTPUT THEN APPLY FOR REFUND 

how to set off??

set off against output liability and balance to be c/f

Expense A/c Dr.
To. ITC A/c Cr.

Reund is restricted on ur product
As per CGST rate notification 5/2017 as amended by 29/2017 & 44/2017 (both CGST rate notions).


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