Gangeshwar (proprietor) (136 Points)
22 March 2018can ITC be claimed on handling charges @ 18% (charged in the invoice by the contractor) when a composite bill is issued for bauxite sale @ 5% (inclusive of handling and other charges).....will it be allowed or what should be done under the circumstances. please suggest
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167229 Points)
Replied 22 March 2018
Yes, ITC can be availed......
Gangeshwar
(proprietor)
(136 Points)
Replied 22 March 2018
ok....thanks sir....but what about the excess ITC.....CAN WE GET THE REFUND OR IT HAS TO BE CARRIED FORWARD
Gangeshwar
(proprietor)
(136 Points)
Replied 22 March 2018
HARDLY THERE IS ANY POSSIBILITY OF ADJUSTMENT IN FUTURE
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167229 Points)
Replied 22 March 2018
What is your output.......... is it nil rated?
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