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Eligibility of Input Tax credit
During the Audit of our firm, Recovery has been demanded from the Audit team for the period prior to commencement of GST i.e. 1 july 2017. we had deposited the entire demand with applicable interest & penalty under RCM under CGST. My question is that if we can take input tax credit of the same or not ? if it is possible then how can we take ?
Replies (13)
You can take as an ITC.
since it was belongs earlier enactment, you must file few to carry forward from earlier service tax ,vat etc to GST
since it was belongs earlier enactment, you must file few to carry forward from earlier service tax ,vat etc to GST
Input Tax Credit not available...
TRANS-1 form
Due date or applicable date...?
Cash should be paid for tax liable to be under RCM.You can not adjust ITC against RCM liability.
But after making tax for RCM liability, the tax paid under RCM can be claimed as ITC.
So if that ITC is not availed in earlier enactment then it can be carried forward to GST through form Trans-1 and Trans-2.
If deadline is over then you may visit GST office
But after making tax for RCM liability, the tax paid under RCM can be claimed as ITC.
So if that ITC is not availed in earlier enactment then it can be carried forward to GST through form Trans-1 and Trans-2.
If deadline is over then you may visit GST office
Mmm...
But, As per my view "ITC NOT AVAILABLE".
But, As per my view "ITC NOT AVAILABLE".
Reason
As per extended Due date is 31st Mar-19...
Latest Update!
7th Feb 2020:
GST TRAN-1 due date further extended up to 31st March 2020, where taxpayers could not submit before earlier deadline due to technical issues on GST Portal.
7th Feb 2020:
GST TRAN-1 due date further extended up to 31st March 2020, where taxpayers could not submit before earlier deadline due to technical issues on GST Portal.
Dear.,
Please note the last line of Your reply...
Please note the last line of Your reply...
There are alternatives , you have the GST office.Dont worry if you the proof tax paid under RCM
Okay... I'm leave it now...
Okay.We may leave
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