Dear sir / Madam
I am into business of trading paints with monthly filing of returns.
We purchase from Berger paints India Ltd whose turnover exceeds 5000 cr.
However they are filing returns 3 monthly due to which we will not be able to claim input tax credit monthly.
is this correct or wrong
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Itc claim query
Replies (6)
How is it possible...?
In this argument is not correct.
I have checked my Gst2a for the month of October today morning at 11.00am
invoices of approx 400000.00 incl of gst have not been uploaded by our suppliers Berger paints Ltd.
when i checked their filing status in peridot app it showed that they are filing their GSTR1 for a particular month in the 3rd subsequent month
eg.. April 2019 Gstr 1 they have filed on 21st june 2019.
is this practice that they follow correct or wrong
invoices of approx 400000.00 incl of gst have not been uploaded by our suppliers Berger paints Ltd.
when i checked their filing status in peridot app it showed that they are filing their GSTR1 for a particular month in the 3rd subsequent month
eg.. April 2019 Gstr 1 they have filed on 21st june 2019.
is this practice that they follow correct or wrong
If the said party filing as per Your reply (quarterly) then it's wrong as per GST act...
Bcoz, Monthly GSTR 1 is applicable to Above 1.5cr turn over dealer...
Bcoz, Monthly GSTR 1 is applicable to Above 1.5cr turn over dealer...
Thank you sir for your reply
You are most welcome dear...
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