Tag Archives: kerala flood Reversal of GST Input Tax Credit

Reversal of GST Input Tax Credit on goods destroyed in Floods

By | September 3, 2018

Reversal of GST Input Tax Credit on goods destroyed in Floods The Goods and Services Tax Act allowsa registered person to take credit of input tax charged on supply of goods or services if they are used in the course or furtherance of his business.There isa negative list of goods or services under section 17(5)… Read More »