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Sec 17 Apportionment of Credit

Indirect Taxation

Sir in this section According to sub section 2 the value of zero rated supplies are also given ITC, how can they give ITC when the tax is not at all paid. 2. The example of lawyer is given in case of sub section 3 where no ITC when the recipient is liable to pay tax, how will the lawyer claim the tax paid for his input supplies 10000+ gst18% , the 1800 of gst cannot be claimed by the lawyer for the services taken by him?

aman kawad

CA Inter

★ 7K+

14-Jun-20 15:51

335

Answers (2)

Best Answer

Zero rated supply covers only 1. Exports 2. Supplies to SEZ LAW is giving benefit to these categories stating that no output tax but ITC is allowed

Shiva Teja

Faculty

01-Jul-20 13:19

Zero-Rated Supply means goods and services sold by the companies are free from Goods and Services Tax (GST), tax paid on purchases will be claimed as refund.