TaxTMI 
TaxTMI 
What is beggining of tax period-Rule 43(1)(f)
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....hat is beggining of tax period-Rule 43(1)(f)<br> Query (Issue) Started By: - Nitin Arora Dated:- 20-9-2019 Last Reply Date:- 23-9-2019 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>Can anyon....
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....e please clarify me that while calculating the ITC of capital goods attributable to exempt supplies through the formula (te=tr x e/t) whether tr will include tm of capital goods at the beggining of t....
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....he tax period whose useful life remains during the tax period or it will include tm of capital goods at the beggining+tm of capital goods acquired during the tax period also Languge of Rule 43:- (f....
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....) the amount of input tax credit, at the beginning of a tax period, on all common capital goods whose useful life remains during the tax period, be denoted as Tr and shall be the aggregate of Tm for a....
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....ll such capital goods; please clarify Reply By KASTURI SETHI: The Reply: Section 2 Definition :(106) "tax period" means the period for which the return is required to be furnished; Thus 'ta....
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....x period' stands for quarterly or monthly. At the beginning of tax period means opening balance of ITC amount for a month or quarter. In other words, closing balance of ITC amount during previous....
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.... month or quarter as applicable. This is my view. Reply By Nitin Arora: The Reply: Thanx @kasturi sethi Sir<br> Discussion Forum - Knowledge Sharing ....