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