Input credit under gst
Querist : Anonymous
Some of my friends are saying that a company can get input tax credit against every GST paid by it while making purchase.
My question is this: company makes a purchase of raw material and pays GST to vendor, uses the raw material for production of exempt products.
Now whether the company can get input tax credit (and thus reduce its tax liability against other TAXABLE products sold by it?)
Thanks.
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
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