ITC Rules (Rule 36-45) – Manner of Reversal I.Reversal of credit where inputs or input services are used partly for business purposes or partly for effecting exempt supplies – Total […]
GST-Goods and Service Tax - 223. page
Goods and Services Tax Act – GST Law
ITC Rules – Manner of Reversal
ITC Rules – Manner of Reversal Remaining credit available for business purpose and for taxable and zero rated supplies “C3 = C2 – (D1+D2)”; C3 to be computed separately for […]
Switching from regular to over composition- Pay and Exit – Sec 18(4)
Switching from regular to over composition- Pay and Exit – Sec 18(4)
ITC – Change in Constitution of Taxable Person Sec 18(3)
ITC – Change in Constitution of Taxable Person Sec 18(3) ITC shall be apportioned in the ratio of value of assets of the new units in case of demerger scheme […]
Conditions for claiming credit under – Sec 18(1)
Conditions for claiming credit under – Sec 18(1) Purchase invoice should not be earlier than 1 year from the relevant date Declaration in Form GST ITC-01 to be filed within […]
Eligibility of ITC in case of New Registrations – Sec 18(1)
Eligibility of ITC in case of New Registrations – Sec 18(1)
Eligibility of ITC in case of New Registrations (Voluntary Registration) – Sec 18(1)
Eligibility of ITC in case of New Registrations (Voluntary Registration) – Sec 18(1)
Switching from Composition / Exempt Supply to Normal Tax / Taxable Supply – Sec 18(1)
Switching from Composition / Exempt Supply to Normal Tax / Taxable Supply – Sec 18(1) Credit on Capital Goods to be available after reducing 5% per quarter of a year […]
ITC on the Basis of use of inputs- Sec17
ITC on the Basis of use of inputs- Sec17 : “input” means any goods other than capital goods used or intended to be used by a supplier in the course […]
Restrictions on ITC – Sec 17(5) Blocked credits
Restrictions on ITC – Sec 17(5) Blocked credits Note: Where any amount has been paid on goods and / or services, in lieu of tax, under composition scheme, no credit […]