TaxTMI 
TaxTMI 
credit reversal
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....redit reversal<br> Query (Issue) Started By: - knr varma Dated:- 12-12-2017 Last Reply Date:- 26-12-2017 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>manufacturing company manufacturing tax....
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....able and exempted goods(exemple. PAPPAD) , company purchased capital goods( Truck for transporting goods Gst 28%+Cess), packing material ( Gst 18%). above case company can claim gst input tax credit ....
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....100% on capital goods and packing material Reply By Ganeshan Kalyani: The Reply: Input Tax Credit on both the items i.e. packing material and truck is eligible. Reply By CS SANJAY MALHOTRA: The Re....
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....ply: Proportionate credit is eligible. Please refer to Rule 42 & 43 of CGST Rules. Reply By KASTURI SETHI: The Reply: Yes. Sir. Beyond doubt. When taxable and exempted both are involved, not even ....
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....remote possibility of full credit is present. Reply By Legal Raasta: The Reply: Every person registered under GST has to furnish the details of sales, purchases, and tax paid and collected thereon....
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.... by filing GST return monthly/quarterly. Reply By YAGAY AND SUN: The Reply: Proportionate ITC would only be available.<br> Discussion Forum - Knowledge Sharing ....