ITC setoff applicability

11 August 2020

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

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3 Replies

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 11 August 2020

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..

Ravi SADhiyan (Practice) (4510 Points)
Replied 11 August 2020

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

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Vijayprakash P (1313 Points)
Replied 11 August 2020

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

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