cont.....
than proportionate credit is allowed...but since your 100% supply is exempted hence nothing will be refunded.
Itc/refund of gst paid on reverse charge basis
Page no : 2
CA Akhilesh Kumar Kandpal
(Proprietor A K Kandpal & Associates)
(1442 Points)
Replied 08 August 2017
AK SHARMA
(C.A.)
(110 Points)
Replied 08 August 2017
Thank you very much for your observations and patience.
NITIN KOTAK
(SERVICE)
(1465 Points)
Replied 08 August 2017
when your outward supply is exempted or out of scope of current regime, you have to pay as a expense, no ITC claim or refundable.
CA Deepak jain
(Tax Consultant)
(84 Points)
Replied 10 August 2017
You cant avail credit of GST as your supply does not come under preview of GST. First condition to iavail credit of GST is output liability should be there.
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