My turnover is less than 20 lakhs and have a gst registration .. how do i claim itc ??
regards
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Quick Summary
If your company's turnover is below 20 lakhs but you have GST registration, you must still charge GST on all bills issued, even from the first rupee. You can claim Input Tax Credit (ITC) as usual by availing it in your GSTR 3B filing. Filing a nil GSTR 3B while providing details in GSTR 1 and claiming ITC on business purchases is generally acceptable.
SINCE MY COMPANY REVENUE WAS LESS THEN RS 20 LAKHS I WAS FILING NIL GST3B THOUGH IN GSTR1 I PROVIDED THE DETAILS .. AND CLAIM ITC ON PRODUCTS BOUGHT FOR COMPANY USE .. HOPE THAT IS OK ??
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