https://www.taxtmi.com/forum/issue?id=116628 A cooperative society that pays municipal tax and recovers it from members as an exempt supply must proportionately reverse input tax credit, adjusting ITC to exclude the portion attributable to the exempt recovery of municipal tax. en-us Tue, 18 Aug 2020 08:29:13 +0530 Thu, 23 Jan 2025 15:54:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116628 A cooperative society that pays municipal tax and recovers it from members as an exempt supply must proportionately reverse input tax credit, adjusting ITC to exclude the portion attributable to the exempt recovery of municipal tax. Discussion-Forum GST Tue, 18 Aug 2020 08:29:13 +0530 https://www.taxtmi.com/forum/issue?id=116628