GST tax credit for person having more then 1.5 cr

ITC / Input 211 views 5 replies
User Avatar

46 Points Joined July 2017
how person having turnover more then 1.5 cr take GST credit if he buy from small business man??..
0 Reply Share Follow
On 10 October 2017 at 22:28 Report
Replies (5)
User Avatar

243 Points Joined August 2017
If you are buying from urd, then no RCM, no ITC till merch 2018
Reply
On 10 October 2017 at 22:37
User Avatar

46 Points Joined July 2017
i am buying from registered dealers
Reply
On 10 October 2017 at 22:43
Guest

u can claim credit 

but it will match per quater

since gst return below 1.5 cr files per qualer 

Reply
On 10 October 2017 at 22:51
User Avatar

46 Points Joined July 2017
but i am filing return on monthly bases
so which amount i pay GST!!!
Reply
On 10 October 2017 at 23:02
User Avatar

MBA
248 Points Joined July 2015
you take credit normally on monthly basis. After the small business man file quarterly the Invoice will be matched and then your ITC will be tallied. If u have claimed more than the actual then you will have to pay back with interest
Reply
On 11 October 2017 at 08:12


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading