Mera Advisor
   
GST ITC Reversal u/r 43
ITC REVERSAL AS PER NEW RULE 43
[w.e.f. 01-04-2020]
[Other than services covered by paragraph 5(b) of Schedule II
viz. construction of a complex, building, civil structure or a part thereof]

Details of ITC on Assets
  IGST CGST SGST Cess
A) Assets other than, used or intended to be used
   (a) exclusively for non-business purposes; or
   (b) exclusively for effecting exempt supplies; or
   (c) exclusively for effecting supplies other than exempted supplies but including zero-rated supplies
   i.e. put to use for common use
   Tax as per Invoice claimed as ITC
B) Assets put to use for common use, Addition or shifted from exclusively use for exempt supply or non-business purpose
   No of Months used prior to put to common use
   [In the case of Addition, enter No of Months as 0(Zero)]
   Tax as per Invoice claimed as ITC
C) Assets put to use for common use, shifted from exclusively use for other than exempt supply including zero-rated supply
   Tax as per Invoice claimed as ITC
D) Assets put to use for common use,
   (a) shifted to exclusively use for exempt non-business purpose; or
   (b) shifted to exclusively use for non-exempt supply; or
   (c) sold or disposed off or;
   (d) period of 60 months from acquisition of assets is completed,
      during the tax period [If included in (A), (B) or (C) above]
   Tax as per Invoice claimed as ITC

Details of Turnover as per Books
  TOTAL Exempt
   Turnover as per Books

 

BACK
Mera Advisor