Sivarama (Apartment - Treasurer) 19 October 2018
How ITC will be calculated?
We are housing society collects less than 7500 maintenance.
We are paying GST, on most of the services.
We are not collecting as of now.
To collect GST paid on services (ITC), we are planning to register.
Is it possible to get back the GST paid on services?
Pankaj Rawat (GST Practitioner) 19 October 2018
But you are not liable to be registered in GSTN (As per Noti.2/2018 CT (r))
& if you are not registered then you are not liable to collect GST (As per section 32 CGST Act).
& if you R registered , & wants to collect gst on invoices already issued have to raise Debit Note for the same