Go AD-FREE with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

Gst input tax credit

ITC / Input 143 views 2 replies

Sivarama

Apartment - Treasurer

26 Points Joined May 2017

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?

Replies (2)

Pankaj Rawat

GST Practitioner

55062 Points Joined June 2017

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