What would be input tax eligibility in cases where taxable person paying tax under section 7 opts to pay tax under Compounding Scheme under Section 8?
Question 12
Bill
Input Tax Credit
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 12. What would be input tax eligibility in cases where taxable person paying tax under section 7 opts to pay tax under Compounding Scheme under Section 8?
Ans. As per section 16(12) of the MGL, the registered taxable person, who was paying tax
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