Setoff of Input with GST

[m Bhagat]

R/s,

I have doubt ?

Can a dealer setoff his GST amount (i.e SAC 9966 5% without input) with another HSN code .

Here dealer have supply of service as well as retails businees. He is not taken any input from supply service .

he taken input from retails business , which is purchase and resell it. can he adjust the Output GST tax of supply of service (i.e SAC 9966 Rent/Hire of Vehicle) with input recieved from pucrhase of goods for resell.

AI Summary

Dealer Queries GST Offset Between Service and Retail Inputs; Community Provides Insight A participant in a discussion forum inquired whether a dealer could offset GST for services (SAC 9966, 5% without input) with GST from a different HSN code. The dealer operates both a service supply and a retail business, using inputs only from the retail side for purchasing and reselling goods. The question was whether the output GST from the service supply could be adjusted with the input GST from the retail business. Two replies were received, one from Kasturi Sethi and a confirmation of a previous reply by Ganeshan Kalyani.