Input credit in gst
rahul todwal (0) (34 Points)
06 June 2017And rest will get 60% ITC only..
Plz explain how can i avail itc of my
stock and what about of remaining Itc.
rahul todwal (0) (34 Points)
06 June 2017
upasana gupta
(Finance Professional)
(3931 Points)
Replied 20 July 2017
the GST Council has increased the limit on input tax credit to 60% against excise payments from 40% earlier on items with tax rates at 18% and above without excise payment receipts, bringing some respite on sale of inventories stocked up before the implementation of the new tax regime on July 1.
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