Menu
reverse ITC
our output service is exampted..we take ITC every month. But We are not utilise the ITC. now our lawyer advice us to revise all ITC. my question is should we pay interest.
Replies (1)
if your service is not liable for output tax then you can not avail ITC (SEZ and Export rules not considered)
better you should reverse ITC, but don't pay interest
second advise required by members
Recent Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
