There are three types of Input Tax Credit available on hand. ITC specific to Taxable supply, Exempt supply, Common supply respectively.
Can we claim ITC specific to Taxable supply and proportionate part of common ITC as given in rule 42.
CA Goutam Sharma (Chartered Accountant in Practice) (468 Points)
03 December 2019There are three types of Input Tax Credit available on hand. ITC specific to Taxable supply, Exempt supply, Common supply respectively.
Can we claim ITC specific to Taxable supply and proportionate part of common ITC as given in rule 42.
Raksha
(Student CA Final )
(397 Points)
Replied 05 December 2019
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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