Break up of ITC made optional in GSTR 9 and GSTR 9C

Return 361 views 1 replies

Since breakup of ITC is made optional, we are not required to find expenses wise ITC. So in this case do we have to make reversals under Rule 42? Because nearly 95% of business will have some sort of exempt outward supply (Like even Interest received). So again we are required to find expenses wise breakup to arrive at common credit??

Replies (1)

     


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register