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.

[KASTURI SETHI]

Reply against Issue ID No.113434.

[Ganeshan Kalyani]

already replied.

AI Summary

Setoff of GST input: can credit from goods-for-resale be used against output tax on distinct service supplies? Question whether a dealer may apply input tax credit from purchases of goods for resale to discharge output GST on a separate service supply (SAC 9966 rent/hire of vehicle) when no inputs were claimed for the services, i.e., permissibility of cross-category setoff of input credits between retail goods and service supplies.