Input credit
This query is : Resolved
04 December 2017
Sir,
If we have some amount of input against GST payable as on 30.11.2017 upto which we have charged 18% of GST.
After which we have opted for composition scheme and levying only 5%.
Now can we take the benefit of that un availed input as on 30.11.2017
Can we utilize it or can we claim refund?
Regards,
Kiran.
If we have some amount of input against GST payable as on 30.11.2017 upto which we have charged 18% of GST.
After which we have opted for composition scheme and levying only 5%.
Now can we take the benefit of that un availed input as on 30.11.2017
Can we utilize it or can we claim refund?
Regards,
Kiran.
Guest
Guest
(Expert)
05 December 2017
Amount of credit in stock held on 30.11.17 has to be reversed.
Message likes :
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Guest
Guest
(Expert)
05 December 2017
No you cannot get the refund.You have to reverse the that much of credit as specified above.
Message likes :
1 times
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