Question ID :
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 ?
Gaurav Kumar Baranwal
Dec 17 2018 12:00AM