Set off of ITC of one business with other under same GSTIN

Ankita Agarwal (Student CA Final ) (52 Points)

12 November 2019

Can I set off ITC of tea business with the ITC of my textile manufacturing business both registered under single GSTIN.

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4 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 12 November 2019

Yes... if both are taxable.

subhagan sreerangam (7054 Points)
Replied 12 November 2019

All ITC are reflected under Single GSTIN,So you can set off ITC of utilise in textile businesse.

Surjeet Negi (947 Points)
Replied 12 November 2019

Available only if under same gstin.

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 13 November 2019

Yes you can.............

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