I am very interested to know about how GST is calculated on passenger cars produced by a company. How they claim input tax credit on the parts/materials purchased from outside?
i expect explanation with examples
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I am very interested to know about how GST is calculated on passenger cars produced by a company. How they claim input tax credit on the parts/materials purchased from outside?
i expect explanation with examples
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It is some what an elaborated one. In this forum we have to discussed on queries. Your query is supposed to know something new. Please refer the provisions of law in this regard. Any doubt you may ask here.
Your curiosity of knowing the applicability of GST on outward supplies and the provisions / restriction on claiming input tax credit is really appreciable. However, as stated by Sri Mariappan Sir, this would require a detailed write-up to cover all the aspect of taxability of a product and the conditions for availing the credit. Here, we would be able to solve your query. So, Kindly post your query, in specific.
I support the views of both experts. Such type questions are posted because this forum is free of cost.
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