Proportionate Reversal of ITC

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....roportionate Reversal of ITC<br> Query (Issue) Started By: - Kaustubh Karandikar Dated:- 18-8-2020 Last Reply Date:- 19-8-2020 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>A commercial Cooper....

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....ative Society is paying municipal tax to the corporation, the land of the society being a leased land paying charges to district collector etc. and recovering the same from the members at actuals. Thi....

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....s being exempted supply they are not required to pay GST on it. But in that case, are they required to proportionately reverse the ITC which they are claiming? Reply By KASTURI SETHI: The Reply: Pro....

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....portionate reversal is required.<br> Discussion Forum - Knowledge Sharing ....