Question 20 - Which of the following is included for computation of taxable supplies for the purpose of availing credit: (a) Zero-rated supplies; (b) Exempt supplies; (c) Both?
FAQ on GST dated 21.9.2016 based on Draft Model GST Chapter 10 Input Tax Credit
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Zero-rated supplies included when computing taxable supplies for input tax credit, while exempt supplies are excluded. Zero-rated supplies are included when computing taxable supplies for the purpose of claiming input tax credit, while exempt supplies are excluded from that computation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Zero-rated supplies included when computing taxable supplies for input tax credit, while exempt supplies are excluded.
Zero-rated supplies are included when computing taxable supplies for the purpose of claiming input tax credit, while exempt supplies are excluded from that computation.
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