Just a moment...

⚠✕
Report
FeedbackReport
Bars
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error ✕
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :

Print Options

+ Post a Query
Post a New Query ✕
Title :
0/200 char
Description :
Max 0 char
Category :
Delete Reply

Are you sure you want to delete your reply beginning with '' ?

Delete Issue

Are you sure you want to delete your Issue titled: '' ?

Discussion Forum

Back

All Issues

Advanced Search ❮
Reset Filters
Search By:
Search by Text :
Press 'Enter' to add multiple search terms
Select Date:
FromTo
Category :
OR
Search by Issue ID:
NOTE: If you have inputs in both the fields, then results will be shown for issueId first.
Issue ID : 118529
PrevPreviousNextNext
- 0 -

Clarification related to Rule 43

Date 15 May 2023
Replies1 Answers
Views 610 Views
Asked By

Respected sir/ madam,

Please inform as per the provisions of Rule 42, the proportionate reversal of ITC to be done on monthly basis and at the end of the financial year , yearly calculation also to be done. Accordingly, ITC reversal or re credit can be done.

Is there any provision under Rule 43 for yearly calculation also Or only monthly calculation proposed?

Goods and Services Tax - GST
1 answers
Sort by

Old Query - New Comments are closed.

Hide
- 0
Replied on May 20, 2023
1.

Rule 43 only monthly calculation and reversal.

No yearly re-calculations required.

Old Query - New Comments are closed.

Hide
Recent Issues