Regarding Input under SAC 9966
Query (Issue) Started By: – Maikulal Bhagat Dated:- 25-2-2018 Last Reply Date:- 27-2-2018 Goods and Services Tax – GST
Got 3 Replies
GST
R/s,
I have question ?
Can a dealer setoff his GST amount (i.e SAC 9966 5% without input) with another HSN code .
Here dealer have supply of service as well as retails businees. He is not taken any input from supply service .
he taken input from retails business , which is purchase and resell it. can he adjust the Output GST tax of supply of service (i.e SAC 9966 Rent/Hire of Vehicle ) with input recieved from pucrhase of goods for resell.
thank you
Reply By KASTURI SETHI:
The Reply:
Yes. ITC can be utilized towards any taxable outward supply of goods or s
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