GST tax credit for person having more then 1.5 cr
how person having turnover more then 1.5 cr take GST credit if he buy from small business man??..
Replies (5)
If you are buying from urd, then no RCM, no ITC till merch 2018
i am buying from registered dealers
u can claim credit
but it will match per quater
since gst return below 1.5 cr files per qualer
but i am filing return on monthly bases
so which amount i pay GST!!!
so which amount i pay GST!!!
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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