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GST ITC refund or carry forward...
Company having vacant premises , is not receiving rent , but has accumulated input credit in GST from july 2017 ON society charges paid , so till when this INPUT CREDIT can be carried forward , or can they claim refund of such input credit credited in electronic credit ledger.
Replies (5)
Refund not allowed in such cases
can we carry forward till n number of period?
Yes , you can carry forward. it will stand in credit ledger till you adjust against your outward tax liability.
Refund cannot be claim .
Refund cannot be claim .
if u r a output taxable supply then u will adjust in it input service i.e society bill. otherwise I can not avail ITc. ITc can't refund
thanks alot sir...
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