GST ITC Reversal Rule 42 & 43 Explained with Practical Examples (Complete Guide)
GST ITC Rule 42 & 43 explain how Input Tax Credit must be reversed when inputs, services, or capital goods are used for exempt supplies, non-business purposes, or mixed usage under GST. While paying GST to the Government, businesses are allowed to adjust the tax paid on purchases—such as raw materials, services, or capital goods—against … Read more