Itc rules under gst
This query is : Resolved
Suchita Shivaji More
(Querist)
24 August 2017
What is the time limit for payment to service provider for availing ITC on services?
What if we do not pay and avail ITC in return?
What if we do not pay and avail ITC in return?
sanjay jha
(Expert)
24 August 2017
you can get credit only when your return get matched - means the same is matching with service provider with recepient. in case of rcm you must will have to pay till due date otherwise interest @ 18 or 24 % p.a charged . if you are taking any credit without payment of tax then penalty also applicable.
if you are not filling in continue 6 month return your registration may be cancelled .
if you are not filling in continue 6 month return your registration may be cancelled .
Suchita Shivaji More
(Querist)
26 August 2017
Thank U sir
My another query is if we issue export invoice without Bond and LUT and adjust IGST in GSTR 3B against form TRA 1 what will be the effect?
Please help
My another query is if we issue export invoice without Bond and LUT and adjust IGST in GSTR 3B against form TRA 1 what will be the effect?
Please help
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