Input tax credit
This query is : Resolved
28 November 2017
Can input tax credit of tax paid on raw materials purchased for say A business (Works Contract) be taken against output tax payable of say B business (Renting of Motor Vehicle)? GST No and prop. is same.
29 November 2017
Yes definitely. There is no bar on the utilization of credit in cross business as far as GST number is same.
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