Regarding Input under SAC 9966
Query (Issue) Started By: – Maikulal Bhagat Dated:- 25-2-2018 Last Reply Date:- 27-2-2018 Goods and Services Tax – GST
Got 3 Replies
GST
R\/s,
\nI have question ?
\nCan a dealer setoff his GST amount (i.e SAC 9966 5% without input) with another HSN code .
\nHere dealer have supply of service as well as retails businees. He is not taken any input from supply service .
\nhe 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.
\nthank you
\nReply By KASTURI SETHI:
\nThe Reply:
\nYes. ITC can be utilized towards any taxable outward supply of goods or s<\/p>\n
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