Itc regarding
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 December 2017
we are retailer (Tamil Nadu) of Ice Cream shop and we are selling to direct consumers, we are purchasing Ice Cream from other other states and we pay IGST @ 18% on Purchase of Ice cream and we are collecting GST @ 5% we are eligible for Input credit.
Kindly clarify it is most urgent to me
Kindly clarify it is most urgent to me
02 December 2017
Yes, you can take credit of IGST and set off against your liability.
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