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Sir/Mam,

With reference to my previous query , mentioned in link — https://www.taxwallah.com/questions/question/gst-on-rent/

I want to ask that, if proprietorship concern is closed, then ITC available on goods cannot be adjusted with Output GST on rent. Am i right ??

2) But if in a month there in NO SALES, and there is ITC on purchase of goods of Rs 100. Output GST ON RENT is Rs 60. Can i adjust ITC on Goods with Output GST on Rent in above case & CLAIM ITC Carry forward?? Note- In next month if we make sale, we will collect tax and pay GST to Govt after adjusting ITC ??

Frah Saeed Answered question August 9, 2020