sir ,
iam a forien currency exchange service provider.(money exchange )
my question is ,
1.can i avail ITC on business expenses incured to setoff against Gst liability on money exchange services.?????
If Service provider opt the option to pay tax as per rule 32(2)b of CGST & SGST Rule 2017, then ITC not available.
If cover under normal provisions, then eligible for availe ITC.
CAclubindia
