Accountancy, asked by palakgarg0704, 5 months ago

name two cases in which gst cannot be set-off​

Answers

Answered by Yashicaruthvik
2

Answer:

Case no. 1 – Input tax credit (ITC) of Motor vehicles and other conveyance not allowed under GST. As per GST law, the ITC on motor vehicles paid shall not be allowed to set off against output tax liability. In another word, you cannot claim the credit on motor vehicles and other conveyance.

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42 of the respect GST Act's will not enable claiming of credits of other State's or IGST having place of supply of other State's on account of non-matching. However till that happens, we are of the view that ITC of any tax type can be claimed under CGST Act, 2017 or IGST Act, 2017

Answered by jigyasa2008
1

Answer:

#Case no. 1 – Input tax credit (ITC) of Motor vehicles and other conveyance not allowed under GST. As per GST law, the ITC on motor vehicles paid shall not be allowed to set off against output tax liability. In another word, you cannot claim the credit on motor vehicles and other conveyance.

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