Input tax credit - ho and branch
This query is : Resolved
28 May 2018
Dear Experts
X Ltd. has Head Office in Delhi and a Factory in Noida.
Since goods are manufactured and supplied out from factory, it is mandatory for X Ltd. to take registration in Uttar Pradesh (assuming it exceeds threshold limit of Rs. 20 lakh).
X Ltd. has thus taken GST registration in Uttar Pradesh.
Now X Ltd. pays rent of Rs. 3 Lakh per month for its Head Office In Delhi, thus attracting GST.
It wants to take credit of this GST paid on rent.
My question is how should billing take place and how can X Ltd. take credit of the GST paid on rent?
Regards
shivani
X Ltd. has Head Office in Delhi and a Factory in Noida.
Since goods are manufactured and supplied out from factory, it is mandatory for X Ltd. to take registration in Uttar Pradesh (assuming it exceeds threshold limit of Rs. 20 lakh).
X Ltd. has thus taken GST registration in Uttar Pradesh.
Now X Ltd. pays rent of Rs. 3 Lakh per month for its Head Office In Delhi, thus attracting GST.
It wants to take credit of this GST paid on rent.
My question is how should billing take place and how can X Ltd. take credit of the GST paid on rent?
Regards
shivani
28 May 2018
The ITC will be taken only in Delhi if have registered in Delhi...
29 May 2018
The above answer is generally correct. But CA G. Sekar had opined that CGST portion alone can be be claimed as ITC. Yet to be tested somewhere.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- Copyright software
- Transporter Declaration form
- Multiple trade mark
- Value of property in capital gain
- LC charges in relation to Asset purchased should be Capitalised ?
- Form 121 & TDS deduction
- Regarding appeal to GSTAT
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Regarding TDS Applicability For Director Remuneration
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
