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Input Tax Credit
if I am registered in gst and I sold goods to unregistered person should I collect tax from him and inturn if he sells to final consumer can he collect tax if not how can he claim itc on inputs?
Replies (4)
Quick Summary
Unregistered person cannot claim ITC.
You have to collect tax. If he sells to final consumer then he can not collect tax bcoz he has
no gst registration and if he has not registration then he has not claimed ITC
no gst registration and if he has not registration then he has not claimed ITC
A Registered person has to charge Gst on every taxable supply irrespective of buyer registered or not.
Such unregistered buyer will not charge Gst when he further supply. @ Abhishek Selvam O
Further clarification contact - CA SACHIN M JAIN | 8097515447 | casachinmjain @ gmail.com
Such unregistered buyer will not charge Gst when he further supply. @ Abhishek Selvam O
Further clarification contact - CA SACHIN M JAIN | 8097515447 | casachinmjain @ gmail.com
A registered person has to charge GST when he sales goods to an unregistered dealer irrespective of the fact the turnover limit.
The unregistered person can sell to final consumer unless but cannot claim input tax credit.
The unregistered person can sell to final consumer unless but cannot claim input tax credit.
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