Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

GST input claims

400 views

Save Share

Bharat

CA Final

62 Points Posted on 13 September 2021

Suppose a entity has 2 division (e.g.:- one is cement production and other is renting of machinery). Both are under same GSTN. Can the input gst credit of one division be utilised to setoff the output liability of the other division?

Replies (2)

Quick Summary

This discussion addresses whether an entity with multiple divisions under a single GSTN, such as cement production and machinery rental, can utilise input GST credit from one division to offset the output tax liability of another. The consensus is that input GST credits are eligible and can indeed be adjusted across different divisions within the same GST registration.

Naman Utreja

22 Points Posted on 13 September 2021

You Can ask anything about GST related from <a target='_blank' rel='nofollow' href="https://superca.in">Super CA</a>. They Provide off Line as well as <a target='_blank' rel='nofollow' href="https://superca.in/services/gst-return-filing">Online GST Return Filing</a> related quarries.