If there is a balance of Rs.100000 in the electronic credit ledger on 1.12.17 but on 2.12.17 the goods become exempt from tax. What will be treatment of the balance input tax credit lying in the electronic credit ledger
CA supriyo saha (Practising ca) (104 Points)
28 January 2019If there is a balance of Rs.100000 in the electronic credit ledger on 1.12.17 but on 2.12.17 the goods become exempt from tax. What will be treatment of the balance input tax credit lying in the electronic credit ledger
Aashish Bansal
(Article)
(698 Points)
Replied 28 January 2019