i manufacture Bread which is exempted from GST but how i will get input credit ? will it be refunded or adjusted against Output GST on sale
of GST applicable products please clarify
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input credit
Replies (3)
no ITC is available in my view.
not sure
not sure
No ITC is available on supply of exempted goods.
Refund can be claimed on situations like zero rated supply, export of services, rate difference (output rate less, input rate more) etc. In case of exempted supplies, input cannot be claimed.
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