Gst itc claimed query


This query is : Resolved 

Quick Summary
This discussion clarifies GST ITC claims for jewellery purchased by a Kirana store dealer for personal use. Although the invoice appears in GSTR-2A under the firm's name, ITC cannot be claimed for personal items. However, the dealer can reverse the claimed ITC, which is permissible under GST regulations.

05 April 2021 Sir,
A gst registered Kirana store business regular scheme dealer purchases of jewellery value rs:3 lacs personal used purposes.if billing name on firm name received and show in gstr 2a.
Question:
Dealer jewellery value itc claimed show in gstr3b return in gst act.

05 April 2021 Purchase of jewellery for personal use so no ITC can be claimed.

06 April 2021 invoice show in gstr2a dealer itc claimed and reverse claim allowed

06 April 2021 Yes, reversal allowed......


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query