Input tax credit
This query is : Resolved
06 October 2017
Hi every one,
I am working as an accountant in plantation sector, I need a clarification regarding input tax credit under GST regime
Earlier, in VAT system we were not claiming ITC but in the GST system is there any provision to claim input tax credit on purchases and do we need to file GSTR 2 towards purchases.
please clarify
I am working as an accountant in plantation sector, I need a clarification regarding input tax credit under GST regime
Earlier, in VAT system we were not claiming ITC but in the GST system is there any provision to claim input tax credit on purchases and do we need to file GSTR 2 towards purchases.
please clarify
06 October 2017
Yes, in GST regime, you can claim all GST paid as Input tax credit if it is related to business. moreover, GSTR-2 should be filed by all GST delarers even nil return.
06 October 2017
you can claim ITC.....
06 October 2017
Thank you for your kind suggestion
06 October 2017
i hope this query can be closed.
06 October 2017
Sir,
I wanted to be sure because earlier in the VAT system, we were not filing the purchase statement & not claiming ITC because we are in plantation sector
Before the GST, purchases we made were booking as cultivation expenses as the same is not in the furtherance of business hence we were not claiming ITC
So, please clarify
I wanted to be sure because earlier in the VAT system, we were not filing the purchase statement & not claiming ITC because we are in plantation sector
Before the GST, purchases we made were booking as cultivation expenses as the same is not in the furtherance of business hence we were not claiming ITC
So, please clarify
06 October 2017
so? what is the query now?...you can get ITC.
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