ITC Reversal for Exempt Supplies – Essential Guide to Rule 42 & 43 of GST
Have you received a notice from the GST Department asking for ITC Reversal for Exempt Supplies? “Reverse Input Tax Credit in proportion to exempt supplies under Rule 42 or Rule 43…” You’re not alone — this kind of notice is landing in inboxes across industries. And no, it’s not limited to big financial institutions or … Read more