Itc set off 2nd business allowed

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B.com
3026 Points Posted on 25 April 2023
a registered dealer two business 1. workcontract service 2. cement sales business.if dealer 1st business itc set off 2 nd business claim allowed in gst portal.
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On 25 April 2023 at 20:25 Report
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This discussion clarifies that if you are a registered dealer with two businesses under the same GSTIN, such as work contract services and cement sales, you can indeed set off the Input Tax Credit (ITC) from your first business against your second business. The GST portal allows for such claims, confirming that this cross-business ITC set-off is permissible.

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GST Consultant
15986 Points Posted on 25 April 2023
Under same GSTIN such set off is allowed
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On 25 April 2023 at 20:30
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GST Practitioner
55067 Points Posted on 26 April 2023
Yes you can do so.
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On 26 April 2023 at 23:39

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