Reversal of Common Input Tax Credit
Query (Issue) Started By: – HITESH DEDHIA Dated:- 1-5-2018 Last Reply Date:- 2-5-2018 Goods and Services Tax – GST
Got 6 Replies
GST
Reversal of Common Input Tax Credit under GST is required for Exempted Supplies/Services. The Company has earned Interest on Loans & Advances/Deposit. Whether Interest income is considered as exempted for Calculation of Proportionate Exempted Sales to Taxable Sales.
Reply By DR.MARIAPPAN GOVINDARAJAN:
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