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Input tax credit

ITC / Input 146 views 5 replies
if a registered person purchases goods worth 10000 (5% gst) and sells as a finished product ( comes into 18 % slab)

how can he avail ITC?.

according to SECTIONS referring to ITC restricts claim of different rate.
Replies (5)
please let me know
kindly reply to my doubt
There is no such restrictions in the Act. You fan file the return GSTR 2 (which is auto populated from GSTR 2A) and also can add/ modify such return accordingly and avail ITC on provisional basis
therefore, there is no such restrictions for claiming ITC

only in case of refund, if any, there is a restriction u/s 54(3)(II). ??
thank you shashank..


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