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ITC credit

ITC / Input 194 views 2 replies
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)


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