Itc
This query is : Open
SANJAY B MENON
(Querist)
22 July 2017
I'm an individual .I'm constructing a house .For the same i've brought some capital goods.Since it is for immovable property i'm not able to take credit for the same. Now i'm returning a part of the goods sold by the seller to me. I don't have any effect with this .But from the side of the seller he will have the need to reverse the tax paid by him.So what are the documents and other details that the dealer should havew with him in order to reverse the output tax paid by him??
CA Rashmi Gandhi
(Expert)
23 July 2017
Debit note.
Message likes :
1 times
SANJAY B MENON
(Querist)
24 July 2017
even if I return the goods it is a supply , so I need to show gst on the debit note ..on what value I will charge gst . on my cost,ie, cost +gst , since I'm not taking credit , whole will Be my cost
CA Rashmi Gandhi
(Expert)
24 July 2017
Only on Cost........
SANJAY B MENON
(Querist)
26 July 2017
thank you...
Message likes :
1 times
CA Rashmi Gandhi
(Expert)
26 July 2017
Welcome...........
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
- GST on reimbursement of expenses
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Whether output tax is taken credit by purchaser
- Additional trade name
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
