Goods and Services Tax – Started By: – Maikulal Bhagat – Dated:- 25-2-2018 Last Replied Date:- 27-2-2018 – 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 services. Credit is substantive right. Only two basic conditions are there:- GST m
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