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Question ID : 36893

Treatment of Common Credit in case ITC

What is the provision regarding Reversal of Common credit of ITC under Rule 42 & 43 in case a supplier supplies both Taxable Supply and Exempted Supply ? Whether reversal to be done monthwise or annually because use of raw materials in on going process but ITC is claimed in the month goods are received ?

posted by Gaurav Kumar Baranwal on Dec 17 2018 12:00AM

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