Less than output as compared to input
This query is : Resolved
27 January 2018
Dear sir,
we are wholesale dealers of Cement. As per the highly competitive market conditions, we are forced to sale cement to the customers, below the main distributor company's billing price.This is with the help of main distributor company, as the company is giving proper discounts and incentives by issuing credit notes. No GST is charged by the company on these credit notes and also these are not traceable bill wise. So we have no chance to reverse, already claimed inputs.So at the time of monthly GST filing, less than output amount payable is coming as compared to input.
kindly give your valuable suggestions/comments....
sunilpattuvakkaran@yahoo.com
we are wholesale dealers of Cement. As per the highly competitive market conditions, we are forced to sale cement to the customers, below the main distributor company's billing price.This is with the help of main distributor company, as the company is giving proper discounts and incentives by issuing credit notes. No GST is charged by the company on these credit notes and also these are not traceable bill wise. So we have no chance to reverse, already claimed inputs.So at the time of monthly GST filing, less than output amount payable is coming as compared to input.
kindly give your valuable suggestions/comments....
sunilpattuvakkaran@yahoo.com
27 January 2018
Your supplier has to include GST credit on discount and incentives.
You can't claim refund of GST on such ITC.
You can't claim refund of GST on such ITC.
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
- Is any professional CA is here please reply
- Reopen of assessment proceeding
- Experts need help
- Putting a heading on received mail
- Rental income gst and it purpose
- EPF FULL & FINAL RULES IN 2026
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Gift Received from nonblood relative
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
