ITC AVAILABLE?

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Kailash Bhati

Kailash Bhati (Querist)
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04 October 2017 If my outward supply is nil rated and some of inward supply is taxable, can I claim ITC?

CA R SEETHARAMAN online

CA R SEETHARAMAN online

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04 October 2017 You can't claim ITC in case of exempt outward supply.

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Kailash Bhati

Kailash Bhati (Querist)
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04 October 2017 flour is exempted?

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Kailash Bhati

Kailash Bhati (Querist)
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04 October 2017 non branded flour*

CA R SEETHARAMAN online

CA R SEETHARAMAN online

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04 October 2017 Yes it is exempted....................

Kailash Bhati

Kailash Bhati (Querist)
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04 October 2017 thankyou sit

Kailash Bhati

Kailash Bhati (Querist)
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04 October 2017 thankyou sir

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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04 October 2017 No you cant claim as same is for exempted supplies..

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Kailash Bhati

Kailash Bhati (Querist)
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04 October 2017 thankyou Rashmi Ma'am

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CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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04 October 2017 Welcome......My pleasure......

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CA AJAY KUMAR AGRAWAL

CA AJAY KUMAR AGRAWAL (Expert)
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05 October 2017 This is a very big problem with the dealers dealing in Exempted Goods / Services. This is causing heavy burden on such industries. Sec 9(4) is a big blow for such dealers dealing in exempted items.

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ITC AVAILABLE?

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