banner_ad

Input credit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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.
Profile Image

Guest

Profile Image

Guest (Expert)
05 December 2017 Amount of credit in stock held on 30.11.17 has to be reversed.
Profile Image

kiran

Profile Image

kiran (Querist)
05 December 2017 Cant we get the refund??
Profile Image

Guest

Profile Image

Guest (Expert)
05 December 2017 No you cannot get the refund.You have to reverse the that much of credit as specified above.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details