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ITC On reverse charge

ITC / Input 526 views 13 replies
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Sr. Account Executive
89 Points Posted on 09 July 2017
we have purchase a goods from unregistered delar and deposit tax under reverse charge. Now we can take input credit for the same
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On 09 July 2017 at 13:07 Report
Replies (13)
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Chartered Accountant
86505 Points Posted on 09 July 2017
Yes you can take except for those mentioned under Sec 17(5)
814 Reply
On 09 July 2017 at 13:27
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8 Points Posted on 09 July 2017
can we take input service credit on capitalised repair renovation exp. when service reg.under renting immovable property.advise
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On 09 July 2017 at 14:49
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Chartered Accountant
86505 Points Posted on 09 July 2017
Yes you take only if same is not mention in exceptions u/s 17(5) of CGST Act
814 Reply
On 09 July 2017 at 16:44
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Chartered Accountant
86505 Points Posted on 09 July 2017
You can get credit of same. But for more reference refer above mentioned Sec
814 Reply
On 09 July 2017 at 16:46
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Sr. Account Executive
89 Points Posted on 09 July 2017
Thanks for your reply. now we had paid gst on office maintenance charge under reverse charge. we can take input for the same in next month.
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On 09 July 2017 at 17:01
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Chartered Accountant
86505 Points Posted on 09 July 2017
Yes you can.
814 Reply
On 09 July 2017 at 17:02
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Sr. Account Executive
89 Points Posted on 09 July 2017
Thanks
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On 09 July 2017 at 18:22
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Chartered Accountant
86505 Points Posted on 09 July 2017
Welcome...........
814 Reply
On 09 July 2017 at 21:14
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Sr. Account Executive
89 Points Posted on 09 July 2017
We are a solar panels manufacture but hsn code of renewable energy devive is only in two digit i.ie 85 &84. now my questions is we can use same hsn if sales is more than 5 cr.
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On 09 July 2017 at 22:40
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Sr. Account Executive
89 Points Posted on 09 July 2017
Dear mam pls share ur contact details also
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On 09 July 2017 at 22:41
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Chartered Accountant
86505 Points Posted on 09 July 2017
If your turnover is above 5 crore then you have to mention 4 digits of HSN Code.
814 Reply
On 09 July 2017 at 23:19
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Sr. Account Executive
89 Points Posted on 10 July 2017
but as per gst sn code only 2 digit code allotted for this items
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On 10 July 2017 at 09:31
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Chartered Accountant
86505 Points Posted on 10 July 2017
No dear 8 digit HSN issued for each & every product.
814 Reply
On 10 July 2017 at 19:13


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