Input Tax Credit
This query is : Open
06 August 2017
New Registration and New Business, If Inter state - Purchase Order made in July 2017 with GSTIN Registered Suppliers, and Goods Transported with ARN And PAN in July 2017 from GSTIN supplier, GSTIN received on August 01, 2017. IF there is no sale in July 2017. whether to file GST FORM 3B for claiming ITC on purchase made with GSTIN Suppliers?
06 August 2017
Yes. You file GSTR 3B.
But, You ll be give your GSTN to your supplier.
They ll be add your GSTN in his sales invoices. Also you ll receive the invoice for your GSTN inserted invoices.....
06 August 2017
Thank you sir, I need to know that Shall i get the input tax credit of my purchase made in july
06 August 2017
Sending one example: If i purchased the goods from interstate of Rs. 10000/- ( Taxable Value) IGST on Goods @ 5% Rs. 500/- and If i sold that goods locally in august month at Rs. 11000/- and received Cgst @ 2.5% Rs. 275 and Sgst @ 2.5% Rs. 275, In Total: Gst: 550/- Then My Tax liability to govt. will be 50/- after adjusting IGST of
06 August 2017
Rs. 500/- of July Month? Whether IGST paid in the july 2017 will be allowed for adjustment with that particular goods sold on august 2017? Or i have adjust that input credit to my cost of stock and pay Rs. 550/- to Govt. ? What will be date of payment of Gst in relation to tax liability for august 2017?
06 August 2017
Both of Yes..
But, Your registration is before the billing dates.....
But, Your registration is before the billing dates.....
06 August 2017
Didn't understan???? sorry
07 August 2017
New Application made on 16/07/2017 and Gst number received on August 01, 2017
08 August 2017
You ll use after 16/07/2017 dated bills. You give your GSTN number to your suppliers if you are purchases made on or after 16/07/2017. Just put gstn for above said period bills. You can take ITC that bills.........
also your calculation is exactly correct. You can follow the steps to GST.....
also your calculation is exactly correct. You can follow the steps to GST.....
08 August 2017
Date of payment every 20th........for regular dealer...
08 August 2017
Ok Thank You sir
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