pls clarify me.
I m a pure electrical labour contractor. If I gave a bill of rps 1 lac +18 percent gst =1 lac 18 thosand.
Then I paid 18 thousand gst.
1) weather I will get full credit or the party which makes payment.
2)in how many days will get credit? and to whom and how much percent?
Menu
input tax credit
Replies (4)
The buyer who makes payment will get the credit.
Credit can be taken in the same month, the bill is issued
Credit can be taken as per the rules of ITC..
how much percent buyer gets credit
Recent Threads
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
- AOC4 auto population of previous year data
Related Threads
CAclubindia
