BILAL AHMAD RAFEEQUE ANSARI asked 5 years ago
ITC on raw material but finished good zero rated what to do with this ITC?
ITC on raw material but finished good zero rated what to do with this ITC.
Answer the question2 Answers
SUKUMAR MADHAV KULKARNI answered 5 years ago
ITC on raw material which is used to produce zero rated goods, is not allowed. If You already taken such ITC then You have to reversed the same in GSTR 3B.
ConsultEase Administrator answered 5 years ago
When outward supply is zero-rated you can claim the refund of ITC.
