Regarding input tax credit
This query is : Open
03 July 2017
Dear Experts
If a person who is trader of shawls and shawls are vat free before GST.He buys from manufacturer who is also not register for any Tax liabilty.Now there is GST on shawls. Can trader claim any itc regarding this.
If a person who is trader of shawls and shawls are vat free before GST.He buys from manufacturer who is also not register for any Tax liabilty.Now there is GST on shawls. Can trader claim any itc regarding this.
CA Rashmi Gandhi
(Expert)
04 July 2017
If you purchase from unregister dealer then you have to pay tax under RCM u/s 9(4)..
Then you can again take ITC of same.
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