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GST tax credit for person having more then 1.5 cr

ITC / Input 248 views 5 replies
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46 Points Posted on 10 October 2017
how person having turnover more then 1.5 cr take GST credit if he buy from small business man??..
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On 10 October 2017 at 22:28 Report
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243 Points Posted on 10 October 2017
If you are buying from urd, then no RCM, no ITC till merch 2018
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On 10 October 2017 at 22:37
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46 Points Posted on 10 October 2017
i am buying from registered dealers
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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 

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On 10 October 2017 at 22:51
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46 Points Posted on 10 October 2017
but i am filing return on monthly bases
so which amount i pay GST!!!
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On 10 October 2017 at 23:02
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MBA
248 Points Posted on 11 October 2017
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
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On 11 October 2017 at 08:12


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