Input credit in case of Gst paid under reverse charge mechanism

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11 Points Posted on 30 June 2017
if I have paid Gst for purchase of goods in such case wheather I can claim input credit of above Gst paid or not
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On 30 June 2017 at 20:14 Report
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SEO Sai Gr. Hosp.
212503 Points Posted on 30 June 2017

Yes, provided you are registered in GST under general scheme, and the purchase is in line with furtherance of business....

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On 30 June 2017 at 20:23
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prop.
260 Points Posted on 30 June 2017
and what if one is under composition scheme
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On 30 June 2017 at 21:49
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Assistant Manager
541 Points Posted on 30 June 2017

For dealer registrered under composition scheme no ITC available.

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On 30 June 2017 at 22:21

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