TaxTMI 
TaxTMI 
Two business in one GST number
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....wo business in one GST number<br> Query (Issue) Started By: - KARAN VERMA Dated:- 25-1-2020 Last Reply Date:- 30-1-2020 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>If I have one business p....
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....aper mill and other business is Production of film. Whether I am eligible to utilise ITC availed on raw material used in manufacturing paper in outward liability of films. Reply By KASTURI SETHI: Th....
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....e Reply: One-to-one correlation is not requirement under CGST Acts/Rules. ITC can be utilised if you fulfill the condition of "being used or intended to be used in the course or furtherance of h....
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....is business" as per Section 16(1) of CGST. Other conditions laid down under Sections 16, 17 & 18 are to be complied with. Reply By KASTURI SETHI: The Reply: In support of my reply above, statut....
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....ory force is as under :- Section 49 (4) of CGST Act  "The amount available in the electronic credit ledger may be used for making any payment towards output tax under this Act or under the....
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.... Integrated Goods and Services Tax Act in such manner and subject to such conditions and within such time as may be prescribed." Further only conditions mentioned under Sections 49 A and 49(5) o....
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....f CGST Act are to be fulfilled.<br> Discussion Forum - Knowledge Sharing ....