Applicability of Rule 42 in case of NBFC

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....pplicability of Rule 42 in case of NBFC<br> Query (Issue) Started By: - CASUNIL BHANSALI Dated:- 10-6-2024 Last Reply Date:- 13-6-2024 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>Under the s....

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....cenario where an NBFC has engaged in the sale of securities and opted for ITC reversal as per Rule 38, is it obligated to made reversal as per Rule 42 also ? Reply By Shilpi Jain: The Reply: Once 38....

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.... is followed, rule 42 would not apply.<br> Discussion Forum - Knowledge Sharing ....