ITC credit
I am a practicing cost accountant and I have done my new office electricity fleeting and client charge me GST on it so should I take credit of GST ????
Replies (2)
Input Credit Mechanism is available to you when you are covered under the GST Act.
Which means if you are a manufacturer, supplier, agent, e-commerce operator, aggregator or any of the persons mentioned here, registered under GST, You are eligible to claim INPUT CREDIT for tax paid by you on your PURCHASES.
FOR THIS :
- You must have a tax invoice(of purchase) or debit note issued by registered dealer
You can, provided you are registered under GST and have a tax invoice or any other equivalent document
(confirm this answer with CA before taking any material decisions)
(confirm this answer with CA before taking any material decisions)
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