ITC related query

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802 Points Posted on 10 May 2018
how long time will be carry forward our ITC related textile sector Chapter 50 to 55 and 60....
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On 10 May 2018 at 14:00 Report
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GST Practitioner
55067 Points Posted on 10 May 2018
Can be setoff againts exepenses
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On 10 May 2018 at 14:35
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Chartered Accountant
12739 Points Posted on 10 May 2018

EITHER SET OFF OR CARRY FORWARD 

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

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On 10 May 2018 at 14:38
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802 Points Posted on 10 May 2018
how to set off??
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On 10 May 2018 at 14:39
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Chartered Accountant
12739 Points Posted on 10 May 2018

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

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On 10 May 2018 at 14:41
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GST Practitioner
55067 Points Posted on 10 May 2018
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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On 10 May 2018 at 14:46

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