The benefit of input tax credit is available on.interstate purchase or on interstate purchase or on every kind of purchase we made.
Menu
ITC Credit
Replies (4)
You can take ITC of any purchase either intra or interstate inwards supplies.
You can take ITC of any purchase either INTRA or INTER STATE Inwards Spplies subjected to Section 17(5) of CGST Act 2017.
good Shivam it's correct and we will take both under this section
sir I have filed tran 1 regarding transitional credit of vat . that credit was reflecting electronic credit ledger. but at the time of filing of July month gstr3b return again I have taken 50% of cgst and 50% sgst .then after electronic credit ledger amount was increasing.that time I understood wrongly taken.now what is the rectification
Recent Threads
- GST TDS u/s 51 Applicability on RBI and it's subs
- 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
Related Threads
CAclubindia
