E-commerce operators under Section 9(5) not required to reverse input tax credit proportionately on supplies

E-commerce operators under Section 9(5) not required to reverse input tax credit proportionately on suppliesCircularsGST – StatesThe CBIC clarified through Circular No. 240/34/2024-GST that electronic commerce operators liable to pay tax under Section 9(5

E-commerce operators under Section 9(5) not required to reverse input tax credit proportionately on supplies
Circulars
GST – States
The CBIC clarified through Circular No. 240/34/2024-GST that electronic commerce operators liable to pay tax under Section 9(5) of CGST Act are not required to reverse input tax credit proportionately on inputs and input services for supplies made under Section 9(5). This extends the principle established in Circular No. 167/23/2021-GST for restaurant servi

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