can input credit of man made filament yarn be adjusted with any other good or service?
Keshav Kakar (82 Points)
22 August 2017
I have a textile manufacturing. I receive man made filament yarn which is taxed @ 18%. And make fabric which is taxed @ 5%. Under the same PAN I receive monthly rent on which I charge IGST. can i adjust the input tax credit for paying tax liability of rent. In textile we cannot take refund.If so under which heading. expert advice highly recommend.