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Adit Shah

Company: Ajay Shah & Co.

Designation: Partner

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Latest Posts by adit.shah01

Reversals under GST for Inputs and Capital goods if used for providing partly taxable and partly exempt supplies

May 2, 2019 16941 Views 0 comment Print

Under Rule 42 a registered person has to reverse the portion of the input tax credit availed attributable to its exempt supplies. A formula therein has been prescribed for such reversal

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