Rupesh Kadam (Accountant) (39 Points)
22 August 2019I HAVE TWO BUSINESS ONE IS GOLD & ONE PROFESSIONAL SERVICE
IN JULY GST LIABILITY ON GOLD IS RS. 12500 AND ITC OF GOLD PURCHASE IS RS. 6000 SO AFTER ADJUSTMENT ITC REMAINING IS 6500. NOW IN MY PROFESSIONAL SERVICE OF STUDIOS GST PAYABLE RS.25000/-. THE QUESTION IS CAN I USE BALANCE ITC OF GOLD RS. 6000 AGAINST MY PROFESSIONAL SERVICE?? MY PROFESSIONAL SERVICE TAX @ 18% AND GOLD IS @ 3%.
Shivam RC
(Student)
(23683 Points)
Replied 26 August 2019
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
