Dear Sir,
One of my debtor is doing business under 2 gst no but same entity name. I have filed gst return for may'19 under his old gst no, but revised the same in new gst no in march'21. Now he is telling that govt is not allowing input credit under new gst no.
Please some body can guide me what can be done.
Thanks and Regards,
Sanjay Prasad
Menu
Input claim disallowed
Replies (3)
Input claim can be disallowed for many reasons
is he a regular assesse?
then purchase from unregistered dealer?
is he a regular assesse?
then purchase from unregistered dealer?
At present you cant do much. The amendment made by you was late. A better alternative would have been for your debtor to claim ITC in old and generate invoice to new thereby transferring the ITC but since you have made amendment and it is late no ITC can be claimed by your debtor in either of its registration.
Better engage a proper professional to guide you in such matters before matters get out of hand.
With this budget more restrictions on ITC are proposed to be implemented.
Thanks for your guidance.
Recent Topic
- Dividend difference in 26AS, AIS, TIS
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
Related Topics
CAclubindia
