In GST Regime, we always heard that now we can take INPUT CREDIT of each & every item, ITC either on INPUT or on CAPITAL Goods, but still some SUPPLIES are disallowed as INPUT TAX CREDIT. These are limited Supplies.
So from this VIDEO (YouTube link is below mentioned), I am explaining all the categories on which we can’t take Input Credit & will also discuss the exceptions (Conditions or Situations in which Input Credit is allowed).
So Enjoy the Video, I hope it will be useful to all of you –
Do you think CBDT should extend Tax Audit Report and relevant ITR Due Date? Please Comment, Vote, Retweet and Like.— Tax Guru (@taxguru_in) September 18, 2018