input credit
Yogesh Pandey (144 Points)
23 January 2018On which item i can take credit. on full invoice or excluding food and water ?
All items are charged with same rate i.e. 9% cgst & sgst
Yogesh Pandey (144 Points)
23 January 2018
Rakesh Bandal
(Self Employed and Agriculture)
(1349 Points)
Replied 23 January 2018
It is better to laps credit on the items mentioned in bill which pertains to section 17(5) of CGST Act
Yogesh Pandey
(144 Points)
Replied 23 January 2018
Rakesh Bandal
(Self Employed and Agriculture)
(1349 Points)
Replied 23 January 2018
You are right, but in case of assessment supritendent may ask you to disallow the same