https://www.taxtmi.com/forum/issue?id=116860 Availability of Input Tax Credit on GST paid under reverse charge for freight on petroleum products turns on whether the underlying goods are taxable: no ITC where the goods are non GST; ITC permitted where the recipient uses the goods in making taxable supplies; duties other than GST are not creditable; where RCM covers both taxable and exempt goods and cannot be segregated, ITC must be apportioned to taxable turnover under the statutory apportionment mechanism; recipients must otherwise satisfy ITC eligibility and registered business requirements, while businesses solely trading in non GST goods cannot claim such ITC and may seek refunds. en-us Fri, 20 Nov 2020 16:08:31 +0530 Thu, 23 Jan 2025 15:54:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116860 Availability of Input Tax Credit on GST paid under reverse charge for freight on petroleum products turns on whether the underlying goods are taxable: no ITC where the goods are non GST; ITC permitted where the recipient uses the goods in making taxable supplies; duties other than GST are not creditable; where RCM covers both taxable and exempt goods and cannot be segregated, ITC must be apportioned to taxable turnover under the statutory apportionment mechanism; recipients must otherwise satisfy ITC eligibility and registered business requirements, while businesses solely trading in non GST goods cannot claim such ITC and may seek refunds. Discussion-Forum GST Fri, 20 Nov 2020 16:08:31 +0530 https://www.taxtmi.com/forum/issue?id=116860