Claiming of ITC

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75 Points Posted on 24 December 2020
X & Y registered in the same state.

X Has installed the machinery in different state.

Q. 1 what GST should be charged on the Bill "IGST CGST SGST"



Q. 2 Will Y be able to take the ITC if X charges the IGST?
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On 24 December 2020 at 14:30 Report
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Quick Summary
This discussion clarifies the Goods and Services Tax (GST) implications when a business (X) installs machinery in a different state from its registration, while its related entity (Y) is registered in the same state as X. It confirms that X should charge IGST on the bill. Furthermore, it explains that Y will be able to claim this IGST as Input Tax Credit (ITC).

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STUDENT
1631 Points Posted on 25 December 2020
IGST , Yes
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On 25 December 2020 at 22:05
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Practicing Chartered Accountant
959 Points Posted on 26 December 2020
X should charge IGST and Y can avail the same as ITC
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On 26 December 2020 at 23:18

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