ITC of IGST

ITC / Input 1149 views 12 replies

mukul patel

Student

35 Points Joined November 2011

guide me on itc if M of Maharashtra state purchase goods from K of Karnataka paying IGST. can M claim itc on IGST if yes how much.

Replies (12)

rohit

none

186 Points Joined May 2008

Yes full ITC available to regular taxpayer.

ITC Use in following order: IGST then CGST then SGST.

Prity Agarwal

CHARTERED ACCOUNTANT

363 Points Joined March 2017

Yes, ITC can be claimed.

The entire amount of ITC on IGST can be claimed.

Praveen Kachhawa

Financial Accountant

225 Points Joined September 2015

Yes you can claim igst for claim In this manner 1. IGST 2. CGST 3. SGST

please guide me
If M from Maharashtra gets order from K of Karnataka & M purchase those goods from G of Gujarat, send this goods directly from Gujarat to Karnataka.
please explain who 'll levy the GST to whom ?
whether M can directly despatch the material from gujarat as he is not registered there he is registered under GST in Maharashtra.
please reply.

rohit

none

186 Points Joined May 2008

Get things clear:

Two transactions G to M and M to K So, two different invoices.

M will raise invoice with IGST to K.

You need to Comply with E-Way bill in case goods more than 50,000.

Jayesh Doshi

Self

177 Points Joined March 2014

Sir, currently this trasaction is covered u/s 6(2) of CST Act, 1956.
My confusion is under GST Act whether G of Gujarat can levy IGST to M of Maharashtra ?
As goods were never entered in the state maharashtra its directly despatched to K of Karnataka.
Who will issue E-Way Bill to whom ?
please guide.

Jayesh Doshi

Self

177 Points Joined March 2014

Is it necessary for M of Maharashtra to get registration in state of Gujarat ?

MOHAMMED ASGAR Bhati

164 Points Joined May 2017

Yes 100% ITC can be claimed.

ca praveen jain

partner

107 Points Joined November 2016

first thing there are 2 transaction , first g 2 m & second m 2 k. first transaction treated as intrastate section 10 (1) (c)
in case of 2 m treated as casual taxable person in gujarat & transaction is treated as interstate transaction hence igst is payable
please correct me if i am wrong

hitesh

proprietor

67 Points Joined February 2017

We are a bangalore based company and have taken a works contract in bangalore.

Our customers GST Registration number is Orissa Based and I have to do the billing for Orissa address but I am doing the work for there bangalore office.

In this scenario I have to charge my customer IGST (18%) or SGST+CGST (9%+9%)

And also can i claim input credit on materials purchased in Bangalore if I charge IGST.

Please Help.