CLAIMING ITC FOR NIL FILING

Greetings !!

My turnover is less than 20 lakhs and have a gst registration .. how do i claim itc ??

regards

Replies (2)
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.

Hi BKD

if you have registration then even if it is less than 20L , you have to charge gst on each bill the yiu raise ( starting from rupee 1)

further answering to your question, input you cab claim as usual by availing it in GSTR 3B.

for further clarifications you can write to me at sthayin @ gmail

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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