Our Company is a Marketing Company, where our major expenses are from conducting trainings and motivational meetings at Hotels.
Our company siitutated in Karnataka, but the meetings are conducted in many parts of India.
When the Meeting bills come for accounting these are Local Bills containing CGST and SGST.
As we are from Karnataka can we take the input credit of CGST and SGST of other states?
But If they are giving CGST & SGST Bill then we can not take credit is the right or wrong?
You can not take credit of the same since it is ineligible . Further , you need to mention ineligible credit in your GSTR-3B. if you failed to do so, you might get department notice for not mentioning the ineligible credit.
No. ITC of CGST and SGST paid in Karnataka can only be eligible to the Company. For services received in another state ITC of IGST can be availed.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
