We are Power Generating Company producing Electricity. Electricity is an exempt good under GST. Hence, No ITC is available.
At the HQ, we undertake centralized procurement on behalf of all Sites located at Multiple states. Under these procurements, suppliers are asked to deliver goods to respective states and Invoice with ' Bill to- Ship to' the place of delivery.
If the Supplier raises Invoice with 'Bill to' HQ and 'Ship to' the place of delivery, then HQ will have to raise an additional Invoice on the Place of Delivery for seamless flow of Credit. Under this scenario, Can HQ claim ITC for the additional Invoice raised on the Place of Delivery?
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Bill To-Ship To Transactions
Replies (6)
The HQ can claim ITC only when the bill is raised by him to at delivery place.
In this case your HQ must be having an ISD registration. An ISD never claims the ITC himself he distrubutes the ITC to the branches
@ CA Bhavika
ISD cannot distribute the input tax credit :
- paid on goods & capital Goods purchased
@ CA Bhavika
ISD cannot distribute the input tax credit :
- paid on goods & capital Goods purchased
@ Pankaj: By ITC what I mean is the amount of tax paid on purchase of such services. ISD will distribute it to the branches. The branches will claim such ITC distributed by ISD
@ ca bhavika
cannot distribute ITC on Goods... it is applicable only in case of Services being availed
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