Mera Advisor
GST ITC Reversal u/r 42
ITC REVERSAL AS PER NEW RULE 42
[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 Turnover as per Books
TOTAL
Exempt
Turnover as per Books
Details of ITC as per Books
(A) Whether ITC is partly used for business and partly for other purposes?
No
Yes
IGST
CGST
SGST
Cess
(B) Total ITC as per Books
Less :
(i) ITC not eligible u/s 17(5)
(ii) ITC used exclusively for
purposes other than business
(iii) ITC used exclusively for
effecting exempt supplies
(iv) ITC used exclusively for
effecting supplies other than
exempted but including
zero rated supplies
BACK
Mera Advisor