Gst rates

Rate / HSN codes 167 views 4 replies

I HAVE RECEIVED A JOB FROM A CENTRAL GOVERNMENT DEPARTMENT WHEREIN THE GST RATE CHARGEABLE IS ONLY 12% AS PER NOTIFICATION 12/2017. I AM PURCHASING THE GOODS AT 18%. WHETHER I AM ELIGIBLE TO CARRY OVER THE DIFFERENTIAL AMOUNT OF 6% IN MY INPUT CREDIT OR RESTRICT THE INPUT CREDIT TO THE AMOUNT OF TAX PAYABLE. 

KINDLY CLARIFY.

 

 

Replies (4)

You are eligible for the entire Input Tax Credit of 18% and balance if any can be carried forward

U CAN C/F THE INPUT TAX 

You are eligible to carry ur itc , but cant take a refund for the same
ITC will C/f to next month returns....


CCI Pro

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