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All QuestionsCategory: GST CompliancesQuery regarding Valuation in GST
Profile photo of Ashish GargAshish Garg asked 6 months ago

Query regarding Valuation in GST

What is the meaning of “recipient is eligible for full input tax credit’ in rule 28 of CGST Rules

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1 Answers
Profile photo of Nikhil ChopraNikhil Chopra answered 5 months ago

Hello Ashish,
As per 28 the term “recipient is eligible for full input tax credit” means that the recipient can take the input tax credit of GST paid over the invoice by the recipient.
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Nikhil Chopra
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