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Gst input tax credit


Sivarama (Apartment - Treasurer)     19 October 2018

Sivarama
Apartment - Treasurer 
 26 points

| My Other Post

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?

avater

Pankaj Rawat (GST Practitioner)     19 October 2018

Pankaj Rawat
GST Practitioner 
 3524 likes  47723 points

View Profile | My Other Post

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

avater

Sivarama (Apartment - Treasurer)     19 October 2018

Sivarama
Apartment - Treasurer 
 26 points

View Profile | My Other Post

Thank you 

As per your response, it is possible to get INPUT TAX CREDIT.

I will discuss with my auditor and plan get it reimbursement for future payments.

 

 


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