I am exporting goods on 0 .1% gst payment.
now can I avail input goods at 0.1% rate from my supplier?
4 Replies
Shweta Gupta
(Assistant Manager)
(224 Points)
Replied 03 August 2019
under which notification you are paying GST at the rate of .1 percent. I don't know about this notification.let me know more about it
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 04 August 2019
Dear Saud
if you are supplying goods to Merchant Exporter in terms of Notification No. 41/2017--Integrated Tax (Rate) , then yes, you can avail ITC on your Inward supply .
Note. : As per Section 17(2) ITC is to be reversed when the outward supply is Exempted ,But supply made to Merchant Exporter @ 0.1% do not fall under the definition of Exempted Supply .
Hence you avail ITC on your inward supply
if you are supplying goods to Merchant Exporter in terms of Notification No. 41/2017--Integrated Tax (Rate) , then yes, you can avail ITC on your Inward supply .
Note. : As per Section 17(2) ITC is to be reversed when the outward supply is Exempted ,But supply made to Merchant Exporter @ 0.1% do not fall under the definition of Exempted Supply .
Hence you avail ITC on your inward supply
Recent Topics
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- Nznxnc call me at the end of the day of the
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
Related Threads
CAclubindia
