TaxTMI 
TaxTMI 
Clarification related to Rule 43
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....larification related to Rule 43<br> Query (Issue) Started By: - Rajesh Kumar Dated:- 15-5-2023 Last Reply Date:- 20-5-2023 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>Respected sir/ madam, ....
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....Please inform as per the provisions of Rule 42, the proportionate reversal of ITC to be done on monthly basis and at the end of the financial year , yearly calculation also to be done. Accordingly, IT....
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....C reversal or re credit can be done. Is there any provision under Rule 43 for yearly calculation also Or only monthly calculation proposed? Reply By Shilpi Jain: The Reply: Rule 43 only monthly cal....
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....culation and reversal. No yearly re-calculations required.<br> Discussion Forum - Knowledge Sharing ....