Unutilised itc

This query is : Resolved

Ravi Mittal (Querist)
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03 October 2017 WE ARE REGISTERED IN GST DEALING ONLY IN EXEMPTED GOODS.
SO ITC CANNOT UTILIZED
WEATHER, WE SHOULD NOT REQUIRE TO PAY GST ON RCM BASIS ON GTA SERVICE TAKEN
OR, WE SHOULD CLAIM FOR REFUND OF UNUTILISED ITC ACCUMULATED DUE TO RCM ON GTA SERVICE
WHAT IS THE LEGAL POSITION ON THIS REGARD

CA R SEETHARAMAN online

CA R SEETHARAMAN online

(Expert)
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03 October 2017 YOU ARE REQUIRED TO PAY GST ON RCM BASIS ON GTA SERVICE TAKEN, YOU ARE NOT ELIGIBLE TO CLAIM FOR REFUND OF UNUTILISED ITC ACCUMULATED DUE TO RCM ON GTA SERVICE AS YOU ARE DEALING IN EXEMPT GOODS.

Ravi Mittal

Ravi Mittal (Querist)
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03 October 2017 IF NOW WE START DEALING IN TAXABLE GOODS, THEN WEATHER WE WILL ELIGIBLE FOR CLAIM REFUND OF UNUTILISED ITC OR NOT?

CA R SEETHARAMAN online

CA R SEETHARAMAN online

(Expert)
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03 October 2017 You can claim ITC on RCM paid in future related to taxable goods.

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