ITC adjustment for different businesses

Lila (Job) (512 Points)

19 June 2023  

Hi

I am planning to register for GST for my consultancy business (self name). I am also a trader in share market. Can I adjust GST paid on Brokerage (ITC) with GST recovered on Consultancy business bills. So is it allowed to adjust ITC of one business with GST bill of other business. Both will run under same GST number.