My company manufactures exempted goods, while on some inputs we are charged with either IGST, or CGST & SGST. Can we claim refund of Input GST or we have to carry those credits further?
Mr. jamal..first of all , ur co. do not required GST registartion as ur co. deals only in exempted goods.
2nd.. u cannot book ITC on inputs used in mfg of exempted goods as u have no output liability... but if ur co. exports such exempted goods.. then ITC on such inputs can be claimed.
CAclubindia
