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ITC setoff applicability
Mera input kuch goods ka hai but is month m mera ek service ka bill pe output ban raha hai to kya m use goods wale input se Setoff kar sakta hu
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Quick Summary
Yes, App apne output ( Goods ka ho ya service ka) ko kisi bhi Input tax credit (Goods or service ) ke samane set off kar sakate ho..
| Originally posted by : DIPESH SHARMA | ||
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Mera input kuch goods ka hai but is month m mera ek service ka bill pe output ban raha hai to kya m use goods wale input se Setoff kar sakta hu |  |
You can adjust ITC of Goods againts Output Tax on Service
ITC is to be adjusted against the GST on Outward Supplies.
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