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
CA R SEETHARAMAN
(Expert)
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.
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