ITC setoff applicability

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138 Points Joined September 2018

Mera input kuch goods ka hai but is month m mera ek service ka bill pe output ban raha hai to kya m use goods wale input se Setoff kar sakta hu

Replies (3)

Tax and Business Consultant

11616 Points Joined July 2015

Yes, App apne output ( Goods ka ho ya service ka) ko kisi bhi Input tax credit (Goods or service ) ke samane set off kar sakate ho..

Practice

4510 Points Joined July 2017

Originally posted by : DIPESH SHARMA
	Mera input kuch goods ka hai but is month m mera ek service ka bill pe output ban raha hai to kya m use goods wale input se Setoff kar sakta hu

You can adjust ITC of Goods againts Output Tax on Service

1313 Points Joined July 2018

ITC is to be adjusted against the GST on Outward Supplies.

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