Goods and Services Tax – Started By: – J SHAH – Dated:- 30-11-2018 Last Replied Date:- 13-12-2018 – Respected Sirs,My Client are providing Transportation/Vehicle (Trailer) hire Service. Some Trailers are used for Taxable Supplies, Some Trailers are provided to GTA (which was Exempted as GTA to GTA Transacction),Some Trailers are provided to SEZ Developer (Supply to SEZ without payment of Tax by filling of LUT). My query is in above case, how to reverse the ITC Creditwhich was fully taken generally on Spare Parts, Repairs, Manpower (Drivers) and on vehicle itself, as it was run for Taxable,Exempted and also in NIL Rated Supplykindly guide on the sameThanks – Reply By DR.MARIAPPAN GOVINDARAJAN – The Reply = There is a formula for this calcul
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