Dear Sir,
If we are manufacturing a product and sailing it 0℅ tax but buying it's consumables material with paying tax, so whether we can claim the tax for returns.
As we received the notice for extra claiming tax. can you please suggest.
nope.............if your outwards supply is taxable...........then you can claim itc on purchase.
nope.............if your outwards supply is taxable...........then you can claim itc on purchase.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
