Menu
Input Tax Credit
If the supplier filed August GSTR 1 after the due date but the before September GSTR 1 due date. Now my question is whether the buyer has to reverse the input and again take it as September input.
Replies (11)
Quick Summary
Yes, you can take ITC in September month return
Whether I have to reverse input if I have taken input in the month of August'20
What is the invoice date?
It is of August
No need to reverse ITC
Can you elaborate your question more clearly
But I have seen one video on Clarification on 36(4) he told that we have to reverse it and again claim it
Not required to reverse ITC
You can ITC upto 110%
You can ITC upto 110%
NO NEED TO REVERSE ITC and no need to claimed again....
If the ITC was claimed in August GSTR1 and it was under the provisional ITC of 10% then you need to not reverse it
If the ITC was claimed in August GSTR1 and it was under the provisional ITC of 10% then you need to not reverse it
Recent Topics :
- LTCG - SEC54
- Foreign remittance from our client for Co Working
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
Related Topics :
CAclubindia
