TaxTMI 
TaxTMI 
section 17(2) itc reversal
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....ection 17(2) itc reversal<br> Query (Issue) Started By: - AMAR GONDIYA Dated:- 4-2-2025 Last Reply Date:- 12-2-2025 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>Respected sir or madam My cli....
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....ent have registered transporter having own truck he supply both service taxable as 12% and 18% and also work as nil rated supply of other truck in such case can department reverse ITC u/s 17(2) as pro....
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....possed ITC compare with Nil Rated Supply in which registered truck not used. Also in rules we can't take Nil Rated or Exempt Supply Income in books Tks Reply By KALLESHAMURTHY MURTHY: The Reply....
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....: Sir, As per the query, your client is engaged in the supply of services for consideration whether it may be a truck registered or unregistered in your client's name. Other trucks used were not....
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.... registered in your client's name, which means there was hiring. If ITC is attributable to such a truck, then ITC has to apportion under Rule 42 for nil-rated supplies. If ITC is not involved in s....
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....uch circumstance, ITC is not required to apportion but the burden of proof lies on your client. In case of not required to apportion at the hands of your client, the owner of the truck is not entitled....
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.... to avail ITC.<br> Discussion Forum - Knowledge Sharing ....