We have two branch with saprate GST no. in Noida & Hyderabad. As we are export we rasie Invoice for Noida unit only.
So our GST input in hyderabad unit remains unutilised. Can anyone suggest the wayout to get that adjusted wiyh noida.
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Gst input
Replies (2)
Input credit (ITC) in one GST profile can be used only for adjusting output tax liability of that same profile only
Plz refer Sub Section 3 (ii) Of Section 54 for ITC REFUND
[ii] where the credit has accumulated on account of rate of tax on inputs being higher than the rate of tax on output supplies [other than nil rated or fully exempt supplies], except supplies of goods or services or both as may be notified by the Government on the recommendations of the Council:
I think in case output tax liability is lower than INPUT tax. Refund can be claim as per above clause.
chk with jurisdiction officer
[ii] where the credit has accumulated on account of rate of tax on inputs being higher than the rate of tax on output supplies [other than nil rated or fully exempt supplies], except supplies of goods or services or both as may be notified by the Government on the recommendations of the Council:
I think in case output tax liability is lower than INPUT tax. Refund can be claim as per above clause.
chk with jurisdiction officer
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