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ITC 1 claim

05 January 2019

we don't have output credit. what ever paid as gst input 18% can we claim gst refund for the fy 2018-19. please share thoughts. please share deadline for claiming refund?

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13 Replies

RAJA P M ("Do the Right Thing...!!!") (127074 Points)
Replied 05 January 2019

Output Credit....?!

What is Your nature of Business and Supplies...?
What is the Rate of Tax on Your supplies...?

pritesh (CA Final student) (7101 Points)
Replied 05 January 2019

you have only input? can you please sae me the what type of business you are doing?

Mageshwaran Ganesan (34 Points)
Replied 05 January 2019

residential maintenance work. Maintenance amount not exceeding 7500 per month

CA S Praveen Kumar Reddy (Chartered Accountant) (2195 Points)
Replied 05 January 2019

see if u don't have output tax liability then why registration required. If u want still i raise refund request and get amount

g mahesh Mundra (Business and tax consultant) (3293 Points)
Replied 05 January 2019

you cannot claim gst refund

Pankaj Rawat (GST Practitioner) (55030 Points)
Replied 06 January 2019

collection for maintenace charges less than & equal to 7500/- is exempted for Society(As per Notification 2/2018 CT (r))

But many other services supplied by society is taxable for Example Non-occupancy charges, Interest on delay payment, Sinking fund, Parking charges, Transfer fee Example of exempt or nontaxable supply are Bank interest, FD interest, Water charges etc.

hence you can claim credit in proptionate to Taxable supply (As per rule 42) But Cannot Claim Refund .

manoj (student) (5205 Points)
Replied 06 January 2019

AGREE WITH PANKAJ

Mageshwaran Ganesan (34 Points)
Replied 07 January 2019

i paid gst amount to vendor for housing keeping and security services @ 18%. is there any exemption certificate can get from gst department and say to vendor not to charge gst in their invoices.

g mahesh Mundra (Business and tax consultant) (3293 Points)
Replied 07 January 2019

no exemption certificate

Pankaj Rawat (GST Practitioner) (55030 Points)
Replied 07 January 2019

NO.... .................................................

CA Roopa Nayak (Specialized in Indirect Taxes) (6166 Points)
Replied 08 January 2019

Refund can be claimed if related to exports of goods/exported services/inverted duty structure goods- refund But if credit is accumulate relates to business of making taxable supplies in India, then no option to claim refund/ C/f credit and can set off against output GST liability in future