Utilize tax
This query is : Resolved
12 January 2018
querry : A firm purchasing cotton seeds (taxable) and manufacturing Cotton Seeds Oil ( taxable) and Cotton Cake( Tax Free) Form crushing.and simultaneously also purchasing castor Seeds ( Taxable) And MAnufacturing Castor Oil (Taxable) And Castor Cake (Taxable) . my question raised Can claim unutilized ITC on cotton Seeds be set off and / or utilized tax libility against castor seeds crushing activity?
12 January 2018
Yes unutilized ITC on cotton Seeds can be set off and / or utilized tax libility against castor seeds crushing activity.
12 January 2018
thanks you so much sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR filing obligation due to savings deposit
- ITC availability for BOLERO-HILUX (HIGH AT, M1G) HLXX0
- Joint Account Closure
- TDS-Fixed assets
- 139(4) for ITR-5- audit
- To Keep Records
- Can Stamp duty taken as a expense
- Registartion of trust
- Advice on How to calculate the peak balance needed for schedule FA in India for US checking account?
- Are reflected in 2B in GST portal
- Updation of UDIN for ROC forms AOC-4 and MGT-7
- REGARDING FRESH ASSESSMENT ORDER TIME LIMIT
- Invoices not transmitted to ICEGATE because of non-authentication of Aadhaar
- Classification of unclassified authorised capital
- GST registration
- Royalty TDS for brass
- Spl02 waiver of interest and penalty
- Form inc-24
- Regarding EPR Obligation Charges
- How to make any party sales or purchase recociliation
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
